Stocks finished the day mixed after a cooler-than-expected PPI reading provided some relief from yesterday's inflation fears. Investors flocked to tech, pushing the Nasdaq to a 271-point win, its largest daily gain since February. Amazon.com (AMZN) hit a record high, while the Dow, on the other hand, inched below fair value just before the close, notching a fourth-consecutive daily loss. The S&P 500 finished with a modest gain.
GOLD RESUMES RISE
Oil prices fell today, as investors continue to monitor Iran and Israel. May-dated West Texas Intermediate (WTI) fell $1.19, or 1.4%, to settle at $85.02 a barrel
Gold prices rose, as hopes of interest rate cuts regained footing following today's PPI data. At last check, June-dated gold futures were up $32.40, or 1.4%, at $2,381.10 per ounce.
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