Stocks rose across the board today, as Wall Street extended last week’s gains. The Dow Jones Industrial Average (DJIA) jumped triple digits for the second session in a row, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) secured their third-straight win. Investors are awaiting tomorrow’s highly anticipated consumer price index (CPI) reading for November, especially ahead of the Federal Reserve’s final meeting of 2023 that begins tomorrow.
OIL SETTLES AS GOLD FREEFALLS
Fresh off seven straight weekly losses, their longest weekly losing streak since 2018, oil prices inched higher today. West Texas Intermediate (WTI) crude for January delivery added 9 cents, or 0.1%, to settle at $71.32 a barrel. Gold prices dropped to nearly three-week lows today, amid strength in the U.S dollar. At last glance, February-dated gold futures fell $20.80, or 1.03%, to close at 1,993.70 dollars per ounce. More By This Author:Stocks Mixed Ahead Of Slew Of Inflation Readings
Nasdaq Jumps Triple Digits Amid Tech, AI Buzz
Nasdaq Up Triple Digits; Dow Struggling To Keep Up
