S&P 500, Nasdaq Reclaim Key Trendlines

Tech stocks may still be surging, but the Dow sat out today's gains for back-to-back losses. The S&P 500 spent time on both sides of the aisle but ultimately finished higher, reclaiming its year-to-date breakeven level in the process. Thanks to a resurgent semiconductor sector, the Nasdaq toppled 19,000 for a sixth-straight win, the index's best winning streak since August.

Elsewhere, U.S. Treasury yields are continuing to move higher. The 10-year note rose for a fifth-straight day, hitting its highest levels since mid-February. 

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GOLD SCRAPES FIVE-YEAR LOW AS INVESTOR OPTIMISM RETURNS

CRUDE OIL PRICES FELL TODAY AMID SUPPLY CONCERNS. LAST WEEK'S U.S. CRUDE INVENTORIES ROSE LAST WEEK, AND IN RESPONSE, JUNE-DATED WEST TEXAS INTERMEDIATE (WTI) LOST 52 CENTS, OR 0.8%, TO SETTLE AT $63.15 PER BARREL. 

Gold prices were lower as well, as rising investor optimism continued to dull the demand for safe-haven assets. June-dated gold futures shed 1.9% to finish near $3,186 per ounce, and hit a five-week low earlier in the session..


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