Stocks Finished Mixed Ahead of Inflation Report`

The VIX logged its best single-session percentage gain since January

Jake Scott

Deputy Editor

Feb 12, 2024 at 4:28 PM

Wall Street started the week with mixed results today, ahead of highly anticipated inflation data tomorrow. First, the good: the Dow added triple digits for its 12th record close of 2024. The not-so-good: the S&P 500 and Nasdaq both gave back sizable gains to finish lower, although the former did settle above the psychologically-significant 5,000 level. Elsewhere, the Cboe Volatility Index (VIX) came back to life with its highest close since Jan. 31.

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

M&A buzz sends oil and gas stock higher.
Bullish signal sounding for cloud services stock.
Plus, MSFT claims the market cap title; RIVN's bear note; and RKLB's upgrade.

nysefeb12

5 Things to Know Today

According to the Treasury Department, the U.S. federal budget deficit narrowed to $22 billion last month. (MarketWatch)
Bitcoin (BTC) broke above the $50,000 level today, earlier rising to $50,334 -- its highest level in more than two years. (CNBC)
Microsoft regains market cap title.
Analyst optimism unwinding on EV stock.
Behind Rocket Lab USA stock's bull note.

There were no earnings of note today.

uvolfeb12

Oil Prices Inch Higher After Blockbuster Week

Following last week's surge, oil futures turned in a modest win Monday. March-dated West Texas Intermediate Crude (WTI) added 8 cents, or 0.1%, to finish at $76.92 per barrel, the sixth-straight winning session.

Gold prices fell today, as investors awaited this week's inflation data. April-dated gold lost $5.70, or 0.3%, to settle at $2,033 for the session.

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