Dow, SPX Score Record Closes Before Fed Decision
Wall Street is gearing up for this week's deluge of Big Tech earnings, while investors also await the Federal Reserve' interest rate decision. The Dow and S&P 500 both scored record closes, and the former logged its third-straight win. Elsewhere, the tech-heavy Nasdaq finished at a two-year high.
\
Tensions In Middle East Send Commodities Mixed
Oil prices snapped a three-day win streak, even after a drone strike Sunday killed three U.S. troops in Jordan. The deaths raise concerns about increased tensions in the Middle East, especially after U.S. President said the U.S. "shall respond" to the attack; however, the markets failed to reflect the dangers. For the session, March-dated West Texas Intermediate Crude (WTI) fell $1.23, or 1.6%, to finish at $76.78 a barrel.
While the escalation in the oil-rich region failed to dent crude, the move helped gold prices rise Monday. The now most-active April-dated gold gained $8.50, or 0.4%, to settle at at $2,044.60 for the session.
More By This Author:
Wall Street Spending Monday In 'Wait-And-See' ModeBroader Markets Close Mixed After Winning Week
Stocks Climb As S&P 500, Nasdaq Eye 7-Straight