Wall Street Sentiment High Ahead Of Inflation Data

By Staff of Schaeffer's Research
Monday, September 11, 2023 4:40 PM EDT

A surge in Walt Disney (DIS) shares assisted the Dow in logging its third-straight win, kicking off a week jam-packed with inflation data. The Nasdaq scored a triple-digit win as investors circled back to tech stocks amid the sector's weakness, while the S&P 500 snagged a more modest gain.

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CRUDE PRICES DIP AFTER BIG WEEKLY WIN

Oil prices pulled back following a more than 2% weekly gain. Crude for October delivery shed 22 cents, or 0.3%, to settle at $87.29 per barrel for the day.

Gold prices, meanwhile, logged their second consecutive win with support from the weakening greenback. December-dated gold added $4.50, or 0.2%, to settle at $1,947.20 an ounce for the day. 

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