Wall Street Logs Record Closes As Tech Stays Hot
Stocks resumed their uptrend today, with the all three major benchmarks each scoring record closes. The Dow logged its first-ever close above 45,000, while the tech-heavy Nasdaq marked its eighth win in the last nine sessions. Optimism on Wall Street rang so high today that investors mostly shrugged off comments from Fed Chair Jerome Powell, who suggested caution on interest rate cuts going forward. Despite the gains across the board, the Cboe Volatility Index (VIX) did log its first win since Nov. 20.
GOLD GAINS AS JOBS DATA KEEPS ROLLING IN
Oil prices took a breather today, as investors took profits ahead of the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) production cut decision tomorrow. For the session, January-dated West Texas Intermediate (WTI) crude fell $1.40, or 2%, to settle at $68.54 per barrel.
Gold prices climbed today, buoyed by today's payrolls data and ahead of Friday's jobs report. For the session, gold for December delivery rose 0.3% to settle at $2,652.14 an ounce.
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