Triple-Digit Drop Denies Dow History
The Dow dodged the history books today, falling short of a 14th win after turning in a triple-digit loss. The blue-chip index was up midday but gave back its gains in the afternoon. The S&P 500 and Nasdaq also finished lower, the latter unable to gain ground even with a post-earnings pop from Meta Platforms (META). In what was probably a session of profit-taking, the Cboe Volatility Index (VIX) closed at its highest level since July 11.
Oil Moves Higher on Tightening Supply
Oil crossed the $80 threshold today, as global supplies continued to tighten. September-dated oil added $1.31, or 1.7%, to settle at $80.09 per barrel.
Gold took a breather today as upbeat economic data points to the U.S avoiding a recession. August-dated gold shed $24.40, or 1.2%, to settle at $1,945.70 an ounce.
More By This Author:
Will The Dow Make History Today With A 14 Straight?
Dow Secures Lucky Number 13 After Fed Decision
Dow Cautiously Higher Ahead Of Fed Decision