Stocks Close Higher Friday; T and VZ Plunge More Than 10%
SPY rose 0.60% and DIA gained 0.87% on Oct. 9 as nine of 11 sectors advanced; PLTR led large caps with a 5.17% gain while T and VZ fell over 10%.
U.S. stocks ended Friday, Oct. 9, with gains across the major funds. DIA rose 0.87% to 516.11, SPY gained 0.60% to 778.57, and QQQ and IWM each added 0.49%, closing at 751.27 and 278.94, respectively. SPY rose 4.64 points from the Oct. 8 close, DIA added 4.46 points, QQQ gained 3.69 points and IWM 1.37 points.
Nine of the 11 sector funds advanced. Real Estate (XLRE) led with a 1.86% gain to 41.61, followed by Health Care (XLV), up 1.58%, and Consumer Discretionary (XLY), up 1.02%. Financials (XLF) rose 0.92% and Utilities (XLU) added 0.83%. Communication Services (XLC) was the weakest sector, falling 1.51% to 110.38, and Energy (XLE) edged down 0.25%. Consumer Staples (XLP) was flat, up 0.01%, and Technology (XLK) rose 0.51% to 198.78.
T and VZ posted the session's steepest large-cap declines. T plunged 10.82% to 22.18 and VZ fell 10.14% to 41.65. AMD declined 2.03%, PEP lost 1.85% and NFLX slipped 1.77%. Among gainers, PLTR rose 5.17% to 209.05, ORCL gained 4.21% to 141.40 and AMZN added 3.29% to 262.43. CSCO rose 3.05% and V gained 2.76%.
The Wall Street Journal headlined its coverage “U.S. Stocks Rise as Iran Escalation Fears Subside,” and Barron's daily wrap was titled “Review & Preview: Panic Retracted.” The WSJ also reported “Trump Strikes Deal With Putin for Russian Diesel.”
The VIX closed at 14.84, and FRED data put the 10-year Treasury yield at 5.24%.
Data
| Instrument | Close | Change |
|---|---|---|
| SPY | 778.57 | +0.60% |
| QQQ | 751.27 | +0.49% |
| DIA | 516.11 | +0.87% |
| IWM | 278.94 | +0.49% |
Data: FMP, FRED. Figures are close-to-close unless stated.
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Neutral market summary for information only; not investment advice.
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