Stocks Fall As Tesla, Alphabet Step Up
Wall Street was choppy today, with the Dow, S&P 500, and Nasdaq all turning lower at the close, even though all three indexes spent most of the session higher. Investors now look to Big Tech earnings tonight, with quarterly reports from Alphabet (GOOGL) and Tesla (TSLA) due out after the close. Elsewhere, the debut of Ether (ETH) exchange-traded funds (ETF) and record high home prices drew headlines today, all while the energy sector extended its recent underperformance.
OIL PRICES MIRED IN A GLOBAL SLUMP
Oil prices extended their slump today, as demand concerns merged with global weakness. August-dated West Intermediate (WTI) crude shed $1.44, or 1.8%, to settle at $76.96 per barrel, the lowest settlement in six weeks.
Gold prices gained today, snapping a four-day losing streak. August-dated gold futures added 0.4%, to settle at $2,403.40 an ounce for the day.
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