Record Highs for S&P 500 and Dow; Target Gains Ahead of Earnings




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Summary: Another day, another record for the S&P 500. It didn't take too much for the Dow Industrials to also hit its highest level ever. Tech-heavy Nasdaq gained the most out of those benchmarks rising 0.67%. Crude oil continued to slide. Prices dropped about another dollar a barrel. Gold prices rose as the U.S. dollar eased against other major currencies. Futures for December delivery settled more than 1% higher. Healthcare was the best performing sector. Medtronic (MDT) jumped after saying its hopeful a medical-device tax will be repealed. Covidien (COV), which is being taken over by Medtronic also gained. UnitedHealth (UNH) was the blue chips' biggest gainer. Some earnings results, investors are looking forward to Wednesday are Lowe's (LOW), Staples (SPLS) and Target (TGT). The big box retailer was the only gainer in today's session out of the bunch ahead of their releases.