Small-Caps, Dow Rally As VIX Touches 3-Year Lows
Stocks closed out today's session all over the place. The big winner once more was the small cap Russell 2000 (RUT), which logged its fourth win in five sessions and is up almost 8% this month. The Dow has now also won four of its last five thanks to 91-point pop, while the S&P 500 remains near August 2022 highs but finished marginally lower today.
The Nasdaq also sat out today's gains, logging its worst single-session drop since April 25. Elsewhere, the Cboe Volatility Index (VIX) continued to fall, logging its lowest close since Feb. 14, 2020.
OIL PRICES MOVE INTO POSITIVE TERRITORY FOR WEEK
Following data that the US. experienced a weekly decline in domestic crude supplies, oil prices turned higher for the week. For the session, July-dated crude tacked on 79 cents, or 1.1%, to close at $72.53 per barrel on the day.
Gold prices closed at their lowest level since May 30, as investors pondered future Federal Reserve interest rate moves. August-dated gold shed $23.10, or 1.2%, to close at $1,958.40 an ounce for the day.
More By This Author:
Stocks Still Muted As Oil Prices Move Higher
Nasdaq Logs Highest Close In Over 12 Months
Stocks Mixed As VIX Extends Lows