Stocks started off June with the same price action we saw put a bow on May. The Dow pared midday losses for a modest win and fourth-straight record close. The S&P 500 and Nasdaq nabbed their eight-straight gain and fifth-straight record close, the tech-heavy latter drafting off semiconductor momentum. Despite the gains, Wall Street's "fear gauge," the Cboe Volatility Index, snapped a three-day losing streak, as the Israel-Lebanon conflict complicates U.S.-Iran peace talks.
Oil Prices Log Best Day Since Late April
Oil prices gained today, logging their largest one-day gain since April 2, after President Trump said he doesn't care if talks with Iran end. July-dated West Texas Intermediate (WTI) added over 5% to settle at $92.16 a barrel.
Gold prices fell this afternoon as inflation fears persist, despite the U.S.-Iran conflict continuing to drag on. June-dated gold futures lost 1.9% to $4,506.30 per ounce.
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