Dow Logs Longest Win Streak Since 2017; SPX, Nasdaq Cool
Make it nine in a row for the Dow, its longest winning streak since 2017, after a triple-digit pop today. The S&P 500 and Nasdaq remained on the sidelines though, with the latter notching its worst single-session drop since March 9 on the heels of Netflix's (NFLX) earnings. The small-cap Russell 2000 (RUT) joined the indexes with a rare dud, falling back below the 2,000 level.
GOLD TAKES A STEP BACK
Oil prices rose today, but gains were capped amid ongoing demand concerns. August-dated oil added 28 cents, or 0.4%, to settle at $75.63 per barrel.
Gold cooled off with tech today, as bond yields and the U.S. snapped back. August-dated gold shed $9.90, or 0.5%, to settle at $1,970.90 an ounce on the day.
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