Stocks finished mixed after yesterday’s steep losses, digesting what’s left of the tech selloff. The Dow finished the day a modest winner, paring an early jump of over 500 points, while the S&P 500 and Nasdaq moved slightly lower, the latter extending Wednesday’s 654-point drop with its third-straight daily loss. This morning’s GDP data had economists musing over the Federal Reserve’s interest rate timeline, with many turning increasingly hopeful. 
OIL BOUNCES OFF 6-WEEK LOWS
Oil prices rebounded from six-week lows today, as demand worries waned. September-dated West Texas crude added 69 cents or 0.9%, to settle at $78.28 a barrel. Gold prices succumbed to some profit taking after GDP data suggested an incoming lift for higher-for-longer interest rates. August-dated gold futures fell to a three-week bottom, down $62.20 or 2.6%, to settle at $2,353.50 per ounce for the day. More By This Author:Stocks Bouncing Back After Data Hints At ‘Soft Landing’Tech Selloff Sends Nasdaq, S&P 500 To Worst Day Of 2024Stocks Plummet After Tech Earnings, Manufacturing Data
