S&P 500, Nasdaq Eke Out Record Closes
Stocks were a mixed bag today, as investors prepare for a monumental week of Fed rhetoric and Big Tech earnings. The Dow shed 64 points, as the blue-chip benchmark continues to stall below 45,000. The S&P 500 edged higher in the final minutes of trading to finish marginally higher with a sixth-straight record close. Meanwhile, the tech-heavy Nasdaq finished more comfortably in the black for a fourth consecutive record close.
Oil Bounces Back on Trade Deal Optimism
Oil prices rose in response to the trade deal between the U.S. and EU, with gains accelerating after the U.S. reduced Russia's 50-day deadline for Russia to secure a ceasefire with Ukraine to 10-12 days. September-dated West Texas Intermediate (WTI) crude added $1.55, or 2.4%, to settle at $66.71 per barrel.
Gold prices fell amid global trade deal optimism and a red-hot U.S. dollar. August-dated gold futures shed 0.7% to settle at $3,313.20 per ounce.
More By This Author:
Stocks Muted To Kick Off Busy Earnings WeekS&P 500 Secures 'Perfect Week' With 5th Record Close
Major Indexes Steady As More Record Closes Loom