Nasdaq Nabs Record Close; Dow Stuck In Historic Slump
Stocks were mostly higher today, though the Dow extended its losing streak to six-year proportions. Despite bouncing off session lows and briefly entering the black, the blue-chip index ultimately finished lower for the eight-straight day, its longest losing streak since June 2018. The S&P 500 and Nasdaq both secured wins, the latter notching a record close as tech stocks steady themselves ahead of the Fed meeting tomorrow.
COMMODITIES QUIET TO START THE WEEK
Oil prices fell today, after retail sales growth in China dulled demand prospects. February-dated West Texas Intermediate (WTI) crude shed 58 cents, or 0.8%, to settle at $70.71 per barrel.
Gold prices finished lower amid geopolitical tension, but remain stable ahead of the Fed meeting. For the session, gold for December delivery lost 0.2% to settle at $2,670 an ounce.
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