Nasdaq Rises Alongside Outperforming Energy Stocks

Higher oil prices helped energy stocks outperform

Deputy Editor
Sep 27, 2023 at 4:24 PM
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The Dow turned in its sixth loss in seven sessions amid higher Treasury yields, with the 10-year note hitting a 15-year peak earlier in the session. Meanwhile, the Nasdaq turned in a healthy win, as energy equities outperformed amid higher oil prices.

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

  • Cruise giant could succumb to technical pressure.
  • Don't bet on XPO stock just yet.
  • Plus, flashing bear signal; EV firm's upgrade; and Costco's earnings.

closing summary sep27

nyse nasdaq sep27

5 Things to Know Today

  1. U.S. health care providers wrote more than 9 million prescriptions for obesity drugs like Ozempic and Wegovy in the last quarter of 2022. (CNBC)
  2. Meta Platforms (META) just revealed what it claims as the first mainstream mixed-reality headset. (MarketWatch)
  3. History says there's reason for concern ahead.
  4. EV charging firm earns an upgrade.
  5. Unpacking Costco's quarterly report.

Earnings Sep27

uvol sep27

Oil Prices Hit 2023 High as Gold Falls to Multi-Month Low

Oil futures climbed back towards $100 per barrel, after a drop in U.S. crude supplies last week. Crude for November delivery added $3.29, or 3.6%, to settle at $93.68 per barrel -- its highest level of the year.

The greenback's surge pressured gold futures lower, with December-dated gold losing $28.90, or 1.5% to close at $1,890.90 an ounce on the day. That marked its lowest close since March 10, and its biggest one-day percentage loss since April.



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