Wall Street earned modest wins across the board today. The Dow got back to its winning ways, while the S&P 500 nabbed a third-straight win of its own and, alongside the Nasdaq, closed at a new record high. Driving today’s stagnant price action was some hesitancy ahead of the Nvidia’s (NVDA) earnings call, due out after the close. Investors are also unpacking remarks from Fed Governor Christopher Waller, who wishes to see “several months” of supportive inflation data before slashing interest rates.
GOLD PRICES HOLD KEY $2,400 LEVEL
U.S. President Joe Biden’s administration is tackling higher prices at the pump this summer, with plans to release 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve. Today, however, black gold futures fell as investors grappled with demand outlook amid interest-rate concerns, with June-dated West Texas Intermediate (WTI) crude shedding 54 cents, or 0.7%, at $79.26 a barrel.Gold prices cooled off, as traders assess the health of the global economy. For the session, June-dated gold shed 0.5%, to close at $2,425.90 per ounce.More By This Author:Stocks Modestly Higher With Nvidia Earnings In Focus
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