S&P 500 Nabs Another Record Close Despite Tech Pullback
Stocks were a mixed bag again today, as a tech sector pullback dented the broader market. The Dow managed a 179-point win, while Nasdaq settled lower, and the S&P 500 scored another record close, brushing off losses from semiconductor giants Broadcom (AVGO) and Nvidia (NVDA). Between profit taking and a worrisome funding report about OpenAI's latest project, investors are on edge ahead of a slew of Magnificent Seven earnings reports.
Commodities Cool as Tariff Deadline Looms
Oil prices logged a third-straight loss, as black gold chops lower ahead of the Aug. 1 tariff deadline. August-dated West Texas Intermediate (WTI) crude gave back 99 cents, or 1.5%, to settle at $66.21 per barrel.
Gold prices also suffered from profit-taking, but the safe-haven asset's losses were kept in check by growing tariff tensions. August-dated gold futures shed 0.3% to settle at $3,396.10.
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