Stocks Steady As S&P 500, Nasdaq Log Record Closes
Stocks secured solid wins across the board today, as investors moved past the latest tariff tensions, now with Brazil. Even as Brazilian president Luiz Inácio Lula da Silva mulls retaliatory tariffs, the Dow added 192 points -- its second-straight triple-digit win. Meanwhile, the S&P 500 and Nasdaq each nabbed record closes, the latter's second-straight. As Wall Street eyes another earnings season, the Cboe Volatility Index (VIX) closed at its lowest level since early February.
GLOBAL ECONOMIC CONCERNS DENTS OIL
Tariff tensions impacted oil prices today, given Brazil's role in global economic growth, with oversupply concerns also weighing. August-dated West Texas Intermediate (WTI) crude fell $1.81 or 2.7%, to settle at $66.57 a barrel.
Gold prices were lackluster today, as investor sentiment proved resilient along with the U.S. dollar. August-dated gold futures added 0.1% to settle at $3,325.70.
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