Stocks finished mixed after Apple (AAPL)'s (AAPL) price increases rattled investors into the close. The tech-heavy Nasdaq bore the brunt of today's selloff, overshadowing a blowout earnings from Micron Technology (MU), to finish lower for its sixth loss in seven sessions. The Dow finished 72 points higher after having earlier breached the 52,000 level and hitting a fresh record, while the S&P 500 gave up modest gains to finish flat.
Oil-Flow Optimism Returned
Oil prices wiped away earlier losses and turned higher, after an Iran attack on a Strait of Hormuz vessel triggered refueling fears. July-dated West Texas Intermediate (WTI) added 2%, to finish at $71.92 a barrel.
Gold futures bounced off yesterday's lowest close since November, after the latest U.S. inflation reading fell in line with expectations. August-dated gold futures rose 0.9%, last seen at $4,045.20/oz.
Comments
Log in or sign up to join the conversation.