Trade war tailwinds were blowing for stocks today, with the Dow and Nasdaq both adding triple digits, the tech-heavy latter making a run at 18,000. Although nothing was signed between the U.K. and the U.S., news of the agreed-upon 10% baseline tariff encouraged investors, with President Trump taking to Truth Social to post: "THIS IS A GREAT TIME TO BUY!!!" Amid the renewed optimism, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), closed at its lowest level since April 2. 

OIL BUBBLES UP, GOLD COOLS OFF

Black gold gained today, boosted by the trade war developments. June-dated West Texas Intermediate (WTI) oil added $1.72, or 2.8%, to settle at $59.91 per barrel.

Safe-haven asset gold took a breather today. June-dated gold shed 2.5% to close near $3,306 an ounce.

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