Dow Pivots Lower, "Black Gold" Nears $90

Big Tech titans Apple and Alphabet are in focus today

Managing Editor
Sep 12, 2023 at 4:27 PM
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The Dow gave back a triple digit win today, halting a three-day win streak in the process. The S&P 500 and Nasdaq finished in the red as well -- the latter notching a triple-digit loss -- while the Cboe Volatility Index (VIX) snapped a three-day losing streak. Front-month crude prices reached as high as $89 per barrel today, while investors are anxious ahead of tomorrow's inflation data.

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

  • Watch this software stock later this week.
  • Biotech stock bucks broad market choppiness.
  • Plus, an energy stock to target; and two analyst notes to monitor.

closing summary sep12

nyse nasdaq sep12

5 Things to Know Today

  1. Apple (AAPL) event unveils the new iPhone, Watch, and more. (MarketWatch)
  2. Another Big Tech titan is in the spotlight for a very different reason. (Reuters)
  3. Buy the dip on this energy stock.
  4. Downgrade drags solar stock
  5. Analyst sets lofty target for Cintas stock.

earnings sep12

UVOL Sep12

More on Oil's Big Day

Oil prices finished at a 2023 high today, fueled by supply shortfall hopes brought on by output cuts. Crude for October delivery added $1.55, or 1.8%, to settle at $88.84 per barrel for the day, the highest close since Nov. 11.

Gold prices pulled back amid a stronger greenback. December-dated gold lost $12.10, or 0.6%, to settle at $1,935.10 an ounce for the day. 

 

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