S&P 500, Nasdaq Slip Despite Fresh Records
Following a day of lackluster trading, the tech-heavy Nasdaq snapped its three-day win streak, but not without first snatching a fresh record peak. The S&P 500 snagged a record high of its own but ultimately closed in the red, while the Dow managed to secure a third-straight win. Investors unpacked jobless claims rising to a four-week high and the first European Central Bank (ECB) rate cut since 2019, but now tomorrow's highly anticipated nonfarm payrolls data looms large.
COMMODITIES ENJOY ANOTHER WIN AHEAD OF PAYROLLS
Following an ease in economic worries across the U.S., oil managed a second consecutive win. July-dated West Intermediate (WTI) crude tacked on $1.48, or 2%, to close at $75.55 per barrel.
Gold is surging as investors anxiously await tomorrow's nonfarm payrolls data. The June-dated commodity hit a two-week high before finishing up 0.7%, at $2,393 an ounce.
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