The S&P 500 and Nasdaq secured fresh record closes today, thanks to April's consumer price index (CPI) reading that was lighter than expected. The Dow settled higher as well at an all-time high of its own, brushing off flat retail sales as it nabbed a 10th daily win in the last 11 sessions, with investors now optimistic about interest-rate cuts this year. 

GOLD FUTURES SURGE TO 3-WEEK HIGH

Oil prices settled higher on Wednesday, after U.S. crude supplies fell for the second week straight. June-dated West Texas Intermediate (WTI) crude added 61 cents, or 0.8%, at $78.63 a barrel.

Gold futures jumped to a three-week high, after U.S. data showed a slowdown in the inflation rate, which in turn bolstered hopes of interest-rate cuts this year. June-dated gold futures added $35, or 1.%, to trade at $2,394.90 per ounce.  

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