Stocks were a mixed bag today. While the Dow added 182 points and the Russell 2000 Index (RUT) came within a chip-shot of a record high, the S&P 500 and Nasdaq both gave up modest gains to finish lower for their fifth loss in six days. Despite falling oil prices and a cooling 10-year Treasury yield, the semiconductor sector succumbed to more selling pressure today, with investors now turning to Micron (MU) earnings.
Commodities Breach Key Levels
Oil prices are officially at pre-war levels from early February, briefly dipping below $70. July-dated West Texas Intermediate (WTI) closed down 3.9%, to finish at $70.34 a barrel.
Gold futures logged their fourth-straight loss and lowest close since November, as the U.S. greenback stabilized. August-dated gold futures shed 3.4%, last seen at $4,008.80/oz.
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