Dow Snaps 3-Day Skid Despite Rising "Fear Gauge"

The S&P 500 and Nasdaq spent time on both sides of breakeven today

Managing Editor
Jul 10, 2023 at 4:25 PM
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The Dow scored a much-needed triple-digit win today, snapping a three-day losing streak. The S&P 500 and Nasdaq spent times on both sides of breakeven throughout the day, but ultimately joined the blue-chip index in the black. Despite the low-volume session, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) clocked its fourth win in the last five days.  

Continue reading for more on today's market, including:

Summary 0710

NYSE Nasdaq 0710

5 Things to Know Today

  1. U.S. President Joe Biden has been clear about Ukraine's NATO status. (Reuters)
  2. Used-car prices keep plummeting, now to pre-pandemic levels. (Bloomberg)
  3. PepsiCo stock red-hot as earnings loom.
  4. Signal says buy puts on Peabody Energy stock
  5. This biotech beast is ripe for a short squeeze.

There are no notable earnings reports today.

UVOL 0710

Commodities Take a Breather to Start Week

Oil prices fell today, cooling off from last week's outperformance. August-dated oil lost 87 cents, or 1.2%, to settle at $72.99 per barrel.

Gold also logged a loss ahead of a critical inflation report later this week. August-dated gold gave back $1.50 or 0.1%, to close at $1,931 an ounce.

 

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