Wall Street Bounces Back After Dismal Session

Wall Street recouped some of yesterday's steep losses with a mini-rally today. The tech-heavy Nasdaq led the way, adding triple digits after Nvidia (NVDA) overtook fellow "Magnificent 7" member Alphabet's (GOOGL) market capitalization. The Dow finished with a triple-digit pop of its own, while the S&P 500 finished more moderately higher. Elsewhere, the VIX erased nearly all of Tuesday's gains.

indexesfeb14

nysefeb14

earnfeb14

uvolfeb14


OIL SNAPS IMPRESSIVE WINNING STREAK

Oil prices snapped their seven-session winning streak following a reported that showed a 12 million-barrel weekly rise in domestic commercial crude inventories. What's more, data showed that gasoline and distillate stockpiles declines. For the session, March-dated West Texas Intermediate Crude (WTI) lose $1.23 cents, or 1.6%, to finish at $76.64 per barrel.

Spot gold dipped below the $2,000-per-ounce mark on Wednesday, as investors continues to fret over the Federal Reserves interest rate outlook. The most active April-dated gold lost $2.90, or 0.1%, to settle at $2,004.30 for the session.


More By This Author:

Wall Street Rebound Gets Underway
Inflation Fears Fuel Wall Street Selloff
Dow Drops Over 400 Points Amid Inflation Woes

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with