The Dow and S&P 500 snapped their three-day losing streaks on Wednesday, with the former stacking up a 477-point gain. Meanwhile, the Nasdaq rallied in the final hour of trading to settle higher. Wall Street is eyeing tomorrow’s jobs and gross domestic product (GDP) data, as well as Friday’s personal consumption expenditures (PCE) index, though the market will be closed for the Good Friday holiday. Elsewhere, the CBOE Volatility Index (VIX) saw its first daily loss in four sessions.
GOLD EXTENDS RALLY AHEAD OF PCE READING
Oil prices finished lower on Wednesday, but avoided steeper losses after U.S. data pointed to a smaller-than-expected weekly jump in commercial crude inventories. May-dated West Texas Intermediate (WTI) shed 27 cents, or 0.3%, to settle at $81.35 per barrel on the day.Gold prices finished higher, as traders continued to look ahead to the release of the core PCE price index for February. June-dated gold rose $13.50, or 0.6%, to settle at $2,212.70 per ounce on the day.More By This Author:Dow, S&P 500 On Track To Snap 3-Day Skid
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