Dow Hits Record High, While Gold And Oil Futures Plumb Multi-year Lows

The markets are off to a wild start, after a surprise easing move by the BOJ overnight reminded investors that the end of the Federal Reserve's bond buying program didn't mean liquidity was drying up. The Dow industrials ran up over 140 points, and hit a fresh all-time intraday high of 17350.93 soon after the open. The Nasdaq Composite Index climbed 1.2% to trade at the highest level since March 2000. And the S&P 500 rose 0.9% to 2012, which is below its Sept. 19 intraday record of 2019.26, but above its Sept. 18 closing record of 2011.36. In other markets, continuous gold futures slid 2.9% to the lowest level since July 2010, crude oil futures dropped 1.5% to the lowest price seen since June 2012 and Dollar Index futures jumped 0.9% to the highest level since June 2010.