Major Indexes Rise Amid Cautious Optimism
The Dow reversed its midday losses, finishing modestly higher alongside the S&P 500 and Nasdaq, with all three indexes extending Friday's weekly win. U.S.-China trade talks remained in focus after kicking off in London today, giving the semiconductor sector a boost from hopeful investors, though details have yet to be released. Looking at the rest of this week, inflation data will take the stage on Wednesday and Thursday.
OIL, GOLD EXTEND WEEKLY WINS
Oil prices climbed today following their first weekly gain in three weeks. July-dated West Texas Intermediate (WTI) crude rose 59 cents, or 0.9%, to settle at $65.17 per barrel.
Gold inched higher as well. August-dated gold futures added 0.3% to settled at $3,355.60 per ounce.
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