The Dow continued its comeback today, buoyed by outsized moves from finance and energy stocks. The blue-chip index scored a 260-point pop, for a fifth-straight win and highest close since May 22. Profit taking in tech — Nvidia (NVDA) shed 6.7% today — sent the Nasdaq down 192 points for its worst session since April 30. Elsewhere, the S&P 500 traded on both sides of breakeven throughout the day, but ultimately logged a third-straight loss.
Oil Rises On Middle East Tension, Demand
Energy demand outlook and Middle Eastern tensions has sent August-dated West Intermediate (WTI) crude up 90 cents, or 1.1%, to settle at $81.63 per barrel. This comes on the heels of back-to-back weekly wins for the black gold.Anticipation for the upcoming inflation reading alongside a falling U.S. dollar sent gold futures higher today. August-dated gold added 0.6%, to settle near $2,346.10 an ounce.More By This Author:Stocks Mixed As Investors Take Big Tech ProfitsNasdaq Loses Win Streak Despite Record Peak S&P 500 Moves Above 5,500; Nasdaq Nabs Record High
