Monday's Market Wrap: U.S. Stock Market Hits New Reocord Highs Again

The major U.S. equity averages were higher to start the week, with the Dow, S&P and Nasdaq all closing at new-all time highs.

Among the gainers on the session were Twilio Inc TWLO, which had added 12 percent late in the day, and GoPro Inc GPRO, which climbed more than 9 percent near the close of trading. Among losing stocks were AngloGold Ashanti Limited AU, down around 5 percent, and SouFun Holdings Ltd SFUN, which was last down a little less than 5 percent.

Major Averages

The Dow Jones Industrial Average climbed 59 points to close at 18,636.

The S&P 500 added 6 points, or 0.28 percent, to 2,190.

The Nasdaq rose 29 points, or 0.56 percent, to 5,262.

Commodities

Commodities followed stocks higher, with the Bloomberg Commodity Index shedding around 0.84 percent.

NYMEX crude oil futures jumped a little better than 3 percent, while Brent contracts added 3.24 percent to $48.89. Natural gas rose 0.15 percent to $2.59.

Precious metals were slightly higher on Monday. COMEX gold futures rose 0.16 percent to $1,345.30 while silver rose 0.67 percent to $19.84. Copper futures added 0.42 percent to $2.1605.

In the grains complex, corn and wheat were mixed on the day. Corn futures rose 1.20 percent to $3.3700. Wheat contracts lost 0.40 percent to $4.3825. Cotton futures fell more than 2.50 percent to $68.86.

Bonds

Treasury prices were lower as money moved out of bonds. At the close of the equity session, the iShares Barclays 20+ Year Treasury Bond ETF TLT had lost 0.94 percent to $138.76.

Treasury yields were as follows on Monday afternoon: The yield on the 2-Year Note was 0.72 percent. The 5-Year Note was yielding 1.14 percent. The 10-Year Note was last yielding 1.55 percent while the 30-Year Bond yield was 2.27 percent.

Currencies

The U.S. Dollar slightly lower on the session. At last check, the PowerShares DB US Dollar Index Bullish ETF UUP, which tracks the performance of the greenback versus a basket of foreign currencies, was down 0.16 percent to $24.71. The closely watched EUR/USD pair added 0.20 percent to 1.1184 euros.

Volatility and Volume

The CBOE Volatility Index (VIX) climbed on the day despite the market rally. Nevertheless, the VIX remains near 52-week low levels. At last check, it was up 2.25 percent to 11.81.

Volume was considerably lighter than normal to start the week. Only around 42 million SPDR S&P 500 ETF SPY shares traded hands on the session compared to a 3-month daily average of just over 93 million. Just 11 million PowerShares QQQ Trust ETF QQQ shares were traded on the day versus a 3-month average of more than 23 million.

Posted In: NewsSector ETFsBondsBroad U.S. Equity ETFsFuturesCommoditiesCurrency ETFsForexAfter-Hours CenterMarketsETFs
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