Stocks Stage Small Rally To Start Week (SPY, QQQQ, GLD, USO, TLT, UUP, IBM)

Stocks started the week on Monday with a small rally. The Dow Jones Industrial Average gained 56.53 points, or 0.56%, to close at 10,154. The widely watched blue-chip index traded in a range between 10,073 and 10,187. The SPDR S&P 500 ETF SPY added 0.59% to $107.29. Volume was very light during Monday's trading session with around 186 million shares trading hands compared to a 3-month daily average of 282 million. The PowerShares QQQ Trust ETF QQQQ, which tracks the performance of the Nasdaq 100, gained 0.86% to close at $44.72. The heavily traded ETF has now fallen 2.25% in 2010. Gold continued its slide on Monday. COMEX gold futures are now trading at $1,184. The SPDR Gold Trust ETF GLD finished 0.81% lower at $115.73. The GLD has now fallen almost 6% in the last month. NYMEX crude oil is currently trading at $76.43 on electronic exchanges after the close of the floor session. The United States Oil Fund ETF USO gained 0.88% to $34.46 in New York Stock Exchange trading on Monday. Treasury prices fell on Monday as some measure of risk appetite crept back into the markets. The iShares Barclays 20+ Year Treasury Bond ETF TLT lost 0.62% to $100.18. The yield on the 10-year note rose to 2.9662%. The U.S. Dollar moved marginally higher on the session. The PowerShares DB US Dollar Index Bullish ETF UUP, which tracks the performance of the dollar versus a basket of foreign currencies, gained 0.12% to $24.04. The Deutsche Bank US Dollar Index rose 0.05% to 59.48. A number of key earnings reports released on Monday after the close have sent the futures markets lower. After disappointing results from both IBM IBM and Texas Instruments TXN, the DJIA Index futures are trading 34 points lower to 10,034 at around 6:15 New York time.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Broad U.S. Equity ETFsCurrency ETFsIntraday UpdateMoversETFsComputer HardwareInformation TechnologySemiconductors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!