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The Dow Jones today soared as industrial shares rallied on strong earnings reports, surging 300 points intraday before retreating to close the day up 216 points. The Nasdaq added 69 points. The S&P 500 Volatility Index (VIX) fell more than 7% on the day.
What moved the markets: The Dow Jones jumped significantly after two important components reported strong quarterly results. Both Caterpillar Inc. (NYSE: CAT) and 3M Co. (NYSE: MMM) soared after reporting earnings. Shares of both companies were up nearly 5% on the day.