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Rally Continues

Stocks continued to rally on Monday, sending the Dow Jones Industrial Average 100 points higher to 10,525. This is the third session in a row in which the Dow has registered triple digit gains.

The SPDR S&P 500 ETF (NYSE: SPY) gained 1.06% to $111.58. Volume was noticeably light today, with only 176.8 million SPY shares trading hands compared to a 3-month daily average of almost 286 million shares. The S&P 500 closed above its 200-day moving average at 1,115.

The PowerShares QQQ Trust ETF (NASDAQ: QQQQ), which tracks the performance of the Nasdaq 100, jumped 0.83% to $46.44. Year-to-date, the quad Q’s have gained 1.51%.

Gold continued its recent slide on Monday. COMEX gold futures are currently trading at $1,186.10. The SPDR Gold Trust ETF (NYSEL:GLD) fell 0.51% to $115.50. Over the last month, the GLD has fallen almost 6%.

Oil was flat on Monday with NYMEX crude futures unchanged on the session. The United States Oil Fund ETF (NYSE: USO) fell 0.11% to $35.35. Volume was light.

Treasury prices fell today, as investors continued to rush back into risk assets. The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) lost 0.17% to $99.61. The yield on the 10-year Treasury note is currently at 2.99%.

The U.S. Dollar continued its pullback on Monday, which likely helped boost the equity markets. The PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) lost 0.54% to $23.86. The closely watched EUR/USD pair is trading at $1.2995.

Benzinga

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