real-time news and commentary for investors
Friday, Oct 4
Stocks rebound, but Dow and S&P down for second straight week
- Stocks bounced back after falling in nine of the past 11 sessions, with the Dow reclaiming 15,000, as some investors were optimistically buying the dip despite no outward sign of progress in the government shutdown.
- The Dow and S&P finished in the red for the second straight week, but the Nasdaq closed positive for the fifth straight week; the tech-heavy index was helped as Twitter filed for its IPO and Facebook planned to start running ads over its Instagram service.
- Treasury prices slipped, and the yield on the 10-year benchmark gained 4 bps to 2.652%; crude oil settled 0.5% higher at $103.84/bbl, with fears of a tropical storm in the Gulf of Mexico lending support.