Stocks Eke Out Muted Session After Uninspiring Day Of Trading

It was another quiet day for markets, with all three major indexes clinging close to breakeven most of the day. The Dow and S&P 500 both dragged on the dance of trading just below their record peaks as well, with the former ending the day down 30 points. The Nasdaq saw the most substantial wins, brushing off news that multiple global websites were experiencing outages earlier in the day. 

Airline and reopening names helped prop up the market today, amid news that the Center for Disease Control and Prevention (CDC) has eased travel recommendations for 61 countries. Meanwhile, the increasingly wild trading surrounding a number of Reddit-targeted names is still on investors' radars, and the U.S. Securities and Exchange Commission (SEC) said yesterday that it's keeping a close eye on said volatility. 

The Dow Jones Average (DJI - 34,599.82) fell 30.4 points or 0.1% for the day. Chevron (CVX) led the Dow components with a 0.9% rise, while Procter & Gamble (PG) paced the laggards, falling 1.2%.

Meanwhile, the S&P 500 Index (SPX - 4,227.3) added 0.7 points, or 0.02% for the day. The Nasdaq Composite (IXIC - 13,924.91) rose 43.2 points, or 0.3% for the day.

Lastly, the Cboe Volatility Index (VIX - 17.07) added 0.7 point or nearly 4%.

Closing Indexes Summary June 8

NYSE and Nasdaq Stats June 8

Corporate Earnings June 8

Unusual Options Activity June 8

OIL GRABS HIGHEST SETTLEMENT SINCE OCTOBER 2018

Oil prices rose to their highest level in over two years, rising above the $70 level for the first time since October 2018. Boosting prices was a report from the Energy Information Administration (EIA), which hiked its 2021 West Texas Intermediate crude price up 5% from its May forecast to $61.85 a barrel. Plus, looking ahead, analysts are expecting a third-straight weekly decline of 4.1 million barrels in crude inventories ahead of tomorrow's EIA report. July-dated crude added 82 cents, or 1.2%, to settle at $70.05 per barrel.

Gold prices briefly topped $1,900 on Tuesday, before pulling back and snapping their three-day win streak. The dollar hardened slightly, putting pressure on the precious metal, while anxieties over inflation also weighed. August-dated gold dropped $4.40, or 0.2%, to settle at $1,894.40 an ounce for the day. 

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