Wall Street finished the session on a mostly higher note, with the Dow adding triple digits thanks to resurgent bank stocks and a flurry of positive economic data. The S&P 500 finished confidently higher, while the tech-heavy Nasdaq sat out the rally and closed fractionally in the red. Elsewhere, small caps are back on the rise, with the Russell 200 Index (RUT) clocking its fourth-straight win.
GOLD FALLS FOR THIRD-STRAIGHT SESSION
Oil futures climbed once again Thursday, as traders focus on crude demand following the Energy Information Administration's (EIA) report of a "massive draw" in commercial crude stockpiles. August-dated crude added 30 cents, or 0.4%, to close at $69.86 per barrel for the day.
Gold prices closed lower for a third-straight session after the positive final revision for first-quarter gross domestic product (GDP) and jobless claims data hinted at an interest rate hike in July. August-dated gold shed $4.30, or 0.2%, to close at $1,917.90 an ounce.
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