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


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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