Dow Wins the Day as Small Caps Stay Hot

The Russell 2000 (RUT) closed at five-month highs today

Managing Editor

Jul 11, 2023 at 4:23 PM

Wall Street scored wins across the board today, as investor optimism climbs ahead of tomorrow's consumer price index (CPI) for June. The Dow clocked its second triple-digit win in a row, while the S&P 500 and Nasdaq followed suit with comfortable wins of their own. Elsewhere, the small-cap Russell 2000 (RUT) closed at its highest level since March 3, while the 10-year Treasury yield slunk back below 4%.

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

Buy the dip on this streaming big-shot.
Nvidia stock earns even more bull notes.
Plus, ABNB area to watch; ambitious upgrade for Zillow stock; and ROKU's big day.

Summary 0711

NYSE Nasdaq 0711

5 Things to Know Today

New York Fed President John Williams lowered his economic forecast for 2024.(MarketWatch)
In a surprise pivot, Turkey has agreed to support Sweden's NATO bid. (Reuters)
Watch these support levels for ABNB.
Analyst sets lofty goal for Zillow stock.
Roku stock cheers Shopify team-up.

There are no notable earnings reports today.

Gold Nabs 3-Week Highs

Oil prices rose today ahead of U.S. weekly inventory data due out tomorrow. August-dated oil tacked on $1.84, or 2.5%, to settle at $74.83 per barrel.

Gold, meanwhile, climbed to three-week highs. August-dated gold added $6.10 or 0.3%, to close at $1,937.10 an ounce.

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