Dow Enjoys Record Close Amid Earnings Barrage
Wall Street was higher Wednesday, with the S&P 500 moving closer to the psychologically significant 5,000 level and touching another intraday high. Investors digested another round of earnings results, while high-flying tech stocks surged. In response, the Dow and Nasdaq both turned in triple-digit wins, the former notching a new record close and the latter hitting a more than two-year high.
OIL, GOLD PRICES EDGE HIGHER
Oil futures logged a minor gain, following a weekly climb in U.S. crude inventories, gasoline declines, and a distillate stockpiles update. For the session, March-dated West Texas Intermediate Crude (WTI) added 55 cents, or 0.8%, to finish at $73.86 per barrel.
Gold prices were barely changed Wednesday, as investors remained focused on the Fed. April-dated gold inched up 30 cents, or 0.01%, to settle at $2,051.70 for the session.
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