GDP Data Pushes S&P 500, Nasdaq To 6th Consecutive Win
Stocks were higher Thursday, following a fresh batch of positive GDP data. The S&P 500 rose for a sixth-straight session, just shy of securing another record high. Tesla's (TSLA) mixed quarterly report pressured the Nasdaq, though it did manage to score its own sixth consecutive win, moving above breakeven in the final hour of trading. Rounding out U.S. markets, the Dow and Cboe Volatility Index (VIX) both notched solid daily wins.
OIL PRICES NEAR 2-MONTH HIGHS
Oil futures jumped once again, closing near two-month highs after inventories and production in the U.S. fell more than economists expected. For the session, March-dated West Texas Intermediate Crude (WTI) gained $2.27, or 3%, to finish at $77.36 a barrel on the day.
Gold prices fell today despite a weakened U.S. dollar. At last look, February-dated gold was $1.80, or 0.09%, higher to settle at at $2,017.80 for the session.
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