Wall Street pulled back sharply Thursday, weighed down by Walmart’s disappointing earnings report that reignited macroeconomic concerns. The Dow lost 450 points for its worst single-session drop since Jan. 10. The S&P 500 took a step back as well, retreating from back-to-back record highs, while the Nasdaq snapped a five-day win streak. Tech giant Palantir (PLTR) continued to cool off, now taking on a weekly deficit of more than 12%.
GOLD NABS 10TH ALL-TIME HIGH OF 2025
Oil futures inched higher for the third-straight day, after industry data signaled a rise in U.S. crude stockpiles. The most active April-dated West Texas Intermediate (WTI) crude added 15 cents, or 0.2%, to settle at $72.25 per barrel.
Gold prices climbed to yet another record high, marking the 10th all-time peak of the year. The precious metal hit $2,954.69 as demand for the safe-haven asset surged amid rising fears of a global trade war, sparked by President Donald Trump’s latest tariff threats. As of the latest reading, the February contract was up 0.7% at $2,957.50 an ounce.
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