Nasdaq, S&P 500 Log Modest Win Amid Inflation Buzz
Today's choppy session ended in wins for two of the major benchmarks. Most notably, the Nasdaq held onto its midday lead after the hot inflation reading failed to drag down tech stocks. The Dow shed 70 points, while the S&P 500 settled modestly above breakeven.
GOLD PRICES TUMBLE TO 3-WEEK LOW
Oil prices pared their earlier gains, after today's inflation reading overshadowed a forecast from the International Energy Agency (IEA) that pointed toward a global supply deficit. Crude for October delivery shed 32 cents, or 0.4%, to settle at $88.52 per barrel for the day.
Gold prices fell to a three-week low, after today's inflation reading. December-dated gold lost $2.60, or 0.1%, to settle at $1,932.50 an ounce for the day.
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