Dow Rises Over 300 Points As Market Volatility Decreases

Dow Rises Over 300 Points As Market Volatility Decreases

U.S. stocks closed higher, extending Monday’s rally following upbeat earnings results and strong factory data.

Goldman Sachs Group Inc GS, Johnson & Johnson JNJ and Lockheed Martin LMT reported upbeat quarterly earnings on Tuesday. Industrial production in the US, meanwhile, rose 0.4% from a month ago in September versus a revised 0.1% decline in August and above analysts’ estimates of a 0.1% growth.

The Nasdaq 100 climbed 0.8% to close at 11,147.74 on Tuesday amid a decline in Amazon.com, Inc. AMZN shares, while the S&P 500 rose 1.14%. The Dow Jones climbed around 338 points to settle at 30,523.80 in the previous session.

All the major sectors on the S&P 500 closed on a positive note, with industrials and materials stocks recording the biggest surge on Monday.

The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 1.4% to 30.92 points.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.

Posted In: Aerospace & DefenseCBOE Volatility IndexIndustrialsEarningsNewsPre-Market OutlookMarketsTrading Ideas