Gold is taking a breather
Make it nine in a row for the Dow, its longest winning streak since 2017, after a triple-digit pop today. The S&P 500 and Nasdaq remained on the sidelines though, with the latter notching its worst single-session drop since March 9 on the heels of Netflix's (NFLX) earnings. The small-cap Russell 2000 (RUT) joined the indexes with a rare dud, falling back below the 2,000 level.
Continue reading for more on today's market, including:
- 2 airline stocks blasted by options traders.
- So why did Tesla stock really drop today?
- Plus, more on Netflix; a COST 'buy' signal; and a breakdown of our recent winners.
5 Things to Know Today
- Home sales are falling as listings continue to evaporate. (MarketWatch)
- China is turning to the private sector more and more. (Reuters)
- Netflix stock finally took a breather.
- Signal says buy calls on this retail stock.
- New podcast: the mind of a trader on a hot streak.
Gold Takes a Step Back
Oil prices rose today, but gains were capped amid ongoing demand concerns. August-dated oil added 28 cents, or 0.4%, to settle at $75.63 per barrel.
Gold cooled off with tech today, as bond yields and the U.S. snapped back. August-dated gold shed $9.90, or 0.5%, to settle at $1,970.90 an ounce on the day.