Nasdaq, S&P 500 Settle Lower Ahead Of Big Data Release

By Staff of Schaeffer's Research

Wednesday, March 13, 2024 5:32 PM EST

Both the Nasdaq and S&P 500 settled lower Wednesday, with the former pulling back from yesterday's record close as tech stocks cooled. The Dow settled above breakeven to notch a third-straight win, though, as Wall Street looked ahead to tomorrow's producer price index (PPI) reading as well as retail sales data.

Closing Indexes Summary March 13

NYSE and Nasdaq Stats March 13

Corporate Earnings March 13

Unusual Options Activity March 13

OIL PRICES SURGE ON DECLINING CRUDE SUPPLIES

Oil prices snapped a four-day losing streak after the International Energy Information Administration (EIA) reported weekly crude supplies dropped. Investors also weighed rising tensions between Russia and Ukraine, and Israel and Hamas. April-dated West Texas Intermediate (WTI) added $2.16 cents, or 2.8%, to finish at $79.72 per barrel.

Gold prices settled higher as the greenback lost strength and investors regained some confidence that interest rate cuts are still coming. April-dated gold tacked on $14.70, or 0.9%, to settle at $2,181.50 per ounce.

More By This Author:

Wall Street Mixed As Investors Prepare For More Inflation Data
S&P 500 Notches Record Close; 'Fear Gauge' Sinks
Dow, Nasdaq Up Triple Digits As Investors Cycle Back Into Tech

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