DJIA Today, Aug. 13, 2014: U.S. stocks rallied broadly Wednesday with weakening consumer spending largely ignored as investors grew more confident over a peaceful resolution in Ukraine. The S&P 500 Index saw a strong afternoon of trading, with all 10 of the sector indexes in the green. The index is now roughly 2% below its all-time high registered back in July.
Confidence in Russia returned, with the Market Vector Russia ETF Trust (NYSE Arca: RSX) up roughly 1.5% on the day. Meanwhile, reduced consumer spending figures for July had an adverse effect on retail stocks this afternoon. Brent oil prices jumped back from their 13-month low, while West Texas Intermediate prices were relatively unchanged.
Here's the scorecard from today's trading session:
Dow: 16,651.80, +91.26 (+0.55%) Nasdaq: 4,434.13, +44.88 (+1.02%) S&P 500: 1,946.72, +12.97 (+0.67%)
Now, here are the top stories from today:
Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only: