Wall Street rallied today, brushing off the ongoing tariff battle and worse-than-expected earnings reports from Big Tech. The Dow logged a nearly 300-point pop, and now is within striking distance of a record high. The S&P 500 and Nasdaq traded on both sides of the aisle but ultimately finished in the black, the tech-heavy latter paring a triple digit loss at its session lows. Bond yields retreated today, with the 10-year Treasury yield falling 10 basis points at 4.412% earlier after the Treasury Department said auction sizes will remain untouched “for at least the next several quarters.”
OIL, GOLD MOVING IN OPPOSITE DIRECTIONS
Oil futures marked their lowest close of 2025 today, following U.S. data that showed a rise of nearly nine million barrels in crude inventories. March-dated West Texas Intermediate (WTI) crude shed $1.67, or 2.3%, to settle at $71.03 per barrel.Gold prices touched another al-time high today, hitting $2,882.16 earlier in the session thanks to continued interest in the safe-haven asset amid growing worries about a U.S.-China trade war. The contract for February delivery was last seen trading 0.7% higher at $2,896.90 an ounce.More By This Author:Stocks Mixed As Tech Earnings Weigh On Nasdaq Stocks Bounce Back; S&P 500 Reclaims 6KStocks Rise As Wall Street Brushes Off Tariff Woes
