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Brushing off government shutdown concerns as tonight's deadline looms, all three major indexes marked their third-straight wins, with the Dow climbing to a record close. More importantly, each major benchmark also walked away with monthly and quarterly gains, bucking infamous September seasonality.
The Dow and S&P 500 both notched their fifth-straight monthly win, while the Nasdaq secured a sixth consecutive monthly win -- it's longest monthly win streak since late 2020-early 2021. All three landed in positive territory for the second quarter in a row as well. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) snapped a four-month losing streak but still fell for a second-straight quarter.
Continue reading for more on today's market, including:
Oil prices eased once again amid global supply concerns. November-dated West Texas Intermediate (WTI) crude fell 1.7%, or $1.08 cents, to $62.37 per barrel, dropping lower for the month and quarter.
After hitting record highs earlier in the session, gold futures for December delivery were last seen up 0.8% at $3.885.80 per ounce. For the month, though the data hasn't entirely settled, it looks like the safe-haven asset had its best month since 2011.
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