The Nasdaq notched a record intraday high and triple-digit pop on Thursday, while the S&P 500 set another record close after semiconductor darling Nvidia (NVDA) boosted the tech sector. Wall Street also enjoyed tailwinds from the European Central Bank’s (ECB) lowered annual inflation and growth outlook. As a result, the Dow secured a triple-digit pop of its own ahead of tomorrow’s jobs report, while the Cboe Volatility Index (VIX) snapped its three-day win streak.
OIL PIVOTS LOWER; GOLD NABS ANOTHER PEAK
Oil prices fell on Thursday, as enthusiasm over interest rate cuts waned. April-dated West Texas Intermediate (WTI) crude shed 20 cents, or 0.3%, to finish at $78.93 per barrel.Gold prices notched yet another record high, however, amid strong central bank buying and continued optimism. April-dated gold added $7, or 0.8%, to settle at $2,165.20 per ounce.More By This Author:Stocks Higher Midday Amid Hope For Positive Inflation News S&P 500, Nasdaq Settle Higher On Rate Cut ProspectStocks Sport Midday Gains After Jobs Data, Fed Remarks
