Stock Market Today: Dow Spikes 765 Points to Start Q4

Energy stocks outperformed as crude futures soared ahead of this week's OPEC+ meeting.

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Stocks kicked off October with a bang, as a "bad news is good news" economic report sent Treasury yields retreating and prompted investors to take a bite of risk.

Specifically, the Institute for Supply Management's purchasing managers' index fell to 50.9 in September from the August reading of 52.8. This is the lowest level since May 2020.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.