Markets remained steady in today’s trading, with the Dow, S&P 500, and Nasdaq settling just above breakeven. A steep post-earnings slide from Nike (NKE) capped the blue-chip index, while West Texas Intermediate (WTI) crude prices continued to climb amid rising tension in the Middle East. Investors also had stronger-than-expected private payrolls data to unpack.
CRUDE EXTENDS GAINS AS TENSIONS PERSIST
Tensions in Iran and Israel have yet to ease, with oil prices building off Tuesday’s gains to settle at two-week highs. November-dated West Texas Intermediate (WTI) crude rose 27 cents, or 0.4%, to settle at $70.10 per barrel for the day. Gold prices pulled back today as the greenback strengthened and private payrolls data came in above expectations. Gold for December delivery was last seen 0.5% lower to trade at $2,649.41.More By This Author:Dow Paring Nike Selloff, Oil Price SurgeMajor Indexes Slide To Start October Stocks Stalled By Middle East Tensions
