Stocks were choppy today ahead of inflation data later this week
Wall Street was a mixed bag Tuesday, as investors weighed today's economic data ahead to this week's inflation readings. The Dow fell by nearly 97 points, the S&P 500 finished flat, while the tech-heavy Nasdaq neared a record close. Elsewhere, the Cboe Volatility Index (VIX) fell to a more than two-week low for a fifth-straight loss.
Continue reading for more on today's market, including:
- Analyst turns bullish on Kroger stock before earnings.
- Fast-casual restaurant stock at new heights.
- Plus, Lowe's earnings analysis; biotech buzz around VKTX; and ROKU slumps.
5 Things to Know Today
- The drama between The New York Times and OpenAI is heating up, after the latter alleged the former "paid someone to hack OpenAI's products." (CNBC)
- Macy's (M) plans to close 150 stores across the U.S. (MarketWatch)
- Lowe's stock brushes off 2024 sales outlook.
- Drug stock breaks out after entering the weight loss game.
- Roku stock cedes key trendline.
Oil Prices Settle at 1-Week High
Oil prices jumped to a more than week high, boosted by the likelihood of strong energy demand in China amid decreasing global supplies. For the session, April-dated West Texas Intermediate (WTI) crude $1.29, or 1.7%, to finish at $78.87 per barrel.
Gold prices closed slightly lower on Tuesday. April-dated gold gained $5.20, or 0.3%, to settle at $2,044.10 per ounce for the day.