Inflation Buzz Sends Dow, Tech-Heavy Nasdaq To Triple-Digit Wins

Big Tech brought a welcome surge to the broader market today, with all three major indexes logging healthy gains. Both the Dow and tech-heavy Nasdaq locked in triple-digit wins, the latter snapping a three-day losing streak and the former hitting its highest settlement since Feb. 15. The S&P 500 also nabbed its highest close since February, and the market's "fear gauge," or Cboe Volatility Index (VIX), fell to a multi-month low. Driving investors today was better-than-expected March producer price index (PPI) data, which came in at a 0.5% month-on-month decline.

Closing Indexes Summary April 13

NYSE and Nasdaq Stats April 13

Corporate Earnings April 13

Unusual Options Activity April 13


GOLD SNAGS 2ND-HIGHEST CLOSE ON RECORD

Crude shifted lower, though investor sentiment remained stagnant. For the session, May-dated crude shed $1.10, or 1.3%, to close at $82.16 per barrel.

Gold futures enjoyed a healthy surge Thursday, as the U.S. dollar weakened and Fed rate concerns lingered. June-dated gold gained $30.40 or 1.5%, to settle at $2,055.30 an ounce -- its highest close since August 2020, or second-highest on record.


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