The Dow and Nasdaq moved in opposite directions to kick off November. The blue-chip index fell 226 points, while the tech-heavy latter added nearly triple digits, closing within a chip shot of record highs. AI infrastructure deals throughout Big Tech, from the likes of Amazon.com (AMZN), Nvidia (NVDA), and Microsoft (MSFT), are propping up the sector today. Stocks not exposed to AI or semiconductors struggled for direction, with the S&P 500 finishing marginally higher.
GOLD REGAINS $4,000 AS OIL PRICES CHOP
Oil prices were cautiously higher today, reacting to the OPEC+ output decision to pause increases. December-dated West Texas Intermediate (WTI) crude rose 7 cents 0.1%, to $61.05 per barrel.
Gold prices regained $4,000 today. December-dated gold futures added 0.4% to settle at $4,014 per ounce.
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