Stocks started the new week off with some late-session volatility. The Dow dropped 19 points, giving back a triple-digit gain and brushing off a post-earnings pop from telecom concern Verizon Communications (VZ). The S&P 500 and Nasdaq each nabbed record closes, the latter also notching its sixth-straight daily gain as the former nabbed its own 10th record settlement. Despite earnings optimism overshadowing persistent tariff tensions, the Cboe Volatility Index (VIX) snapped a three-day losing streak.
GOLD AT 5-WEEK HIGHS AS U.S. DOLLAR DEFLATES
Oil prices were muted today, a victim of a day without any major headlines. August-dated West Texas Intermediate (WTI) crude lost 14 cents, or 0.2%, to settle at $67.20 per barrel.
Gold prices moved to five-week highs as the U.S. dollar and bond yields cooled off. August-dated gold futures added 1.4% to settle at $3,406.40.
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