Nasdaq, S&P 500 Log Third Consecutive Win
After back-to-back wins, the Dow cooled off with a triple-digit loss today. However, the S&P 500 and Nasdaq eked out their third-straight win, brushing off a lackluster semiconductor sector. Investors unpacked the latest batch of corporate earnings reports and looked ahead to January's jobs data, due out tomorrow at 8:30 a.m. ET. Amidst this choppy backdrop, the Cboe Volatility Index (VIX) logged a third straight loss.
GOLD RECORD-SETTING RUN STALLS
Oil futures fell again, albeit slightly, even after Saudi Arabia raised crude prices on Asian buyers -- implying strength in the region's demand prospects. Instead, an uptick in last week’s U.S. supplies and uncertainty surrounding tariff weighed. March-dated West Texas Intermediate (WTI) crude shed 42 cents, or 0.6%, to settle at $70.61 per barrel.
Gold's record rally has officially come to an end, with the contract for February delivery last seen trading 0.5% lower at $2,877.90 an ounce.
More By This Author:
Dow Cools Off As Semiconductor Stocks Suffer
Stocks Settle Higher, Shrug Off Tech Weakness
Stocks Mixed As Tech Earnings Weigh On Nasdaq
The posts on this blog are opinions, not advice. Please read our Disclaimers.