The Dow is on a six-day winning streak
The Dow clocked a sixth-straight win today, building off last week's momentum and closing at its highest level since November 2022. The S&P 500 and Nasdaq followed suit with their fifth win in the last six trading days and highest settlements in 15 months. Wall Street for the the most part brushed off the worrisome economic data out of China as investors have their eyes fixed on this week's loaded slate of earnings reports.
Continue reading for more on today's market, including:
- Why are call traders targeting this gambling stock?
- Plenty of reasons for Snap stock to stay hot.
- Plus, timing the tech rally; retail stock to watch; and a buzzing biotech stock.
5 Things to Know Today
- Russia nixing the Ukraine grain deal could have huge ramifications. (CNBC)
- Treasury Secretary Janet Yellen thinks the U.S. can avoid a recession. (MarketWatch)
- How our traders scored big with the tech sector rally.
- Signal says don't sweat this retail stock pullback.
- Biotech stock could burn short sellers.
There were no notable earnings reports today.
Commodities Take a Breather
Oil prices moved lower today, weighed down by the economic data out of China. August-dated oil shed $1.27, or 1.7%, to settle at $74.15 per barrel.
Gold also slid, cooling off after last week's gains. August-dated gold shed $8, or 0.4% to close at $1,956.40 an ounce on the day.