Stocks closed higher after several days of losses
A fresh week brought in a healthy 407-point win for the Dow, with credit due to another batch of big-name earnings. Berkshire Hathaway (BRK.A) created plenty of post-earnings buzz, and focus was also on Tesla (TSLA) after news broke that its CFO is departing. The S&P 500 and Nasdaq also handed in gains.
Continue reading for more on today's market, including:
- Now's the time to buy this 'Barbie' stock.
- 2 biotechs hanging onto large swings.
- Plus, PARA pre-earnings roundup; bull note triggers DVA surge; and pharma name lower on vaccine sales.
5 Things to Know Today
- Penned as the month of Apple (AAPL), September is expected to host the launch of the new iPhone 15. (CNBC)
- PayPal (PYPL) is slow rolling the launch of its own stablecoin product, a pioneer in its field. (Bloomberg)
- A Paramount stock pre-earnings breakdown.
- Analyst upgrade pushed DVA shares higher.
- Vaccine sales sent biotech lower.
Oil, Gold Cool After Last Week's Surge
Crude prices are cooling after last week's notable pop to almost four-month highs. September-dated crude fell 88 cents, or 1.1%, to settle at $81.94 per barrel on the day.
Gold also pulled back to start the new week. December-dated gold tacked on $6.10, or 0.3%, to settle at $1,970 an ounce for the session.