Wall Street Quiet to Start Busy Week

This week will bring key inflation data

Laura McCandless

Deputy Editor

Apr 8, 2024 at 4:28 PM

Stocks moved quietly today, closing mixed following Friday's steep weekly losses. Rising bond yields weighed on the broader market, as traders moved hesitantly ahead of this week's highly anticipated inflation data. The energy sector led gains today, as several oil stocks hit all-time highs.

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

Delta Air Lines stock upgraded ahead of earnings.
How call traders doubled their investments with GoDaddy stock.
Plus, more Boeing issues; and 2 notable upgrades today.

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5 Things to Know Today

Target (TGT) is joining competitors Walmart (WMT) and Amazon.com (AMZN) by launching its own same-day delivery service, Target Circle 360. (Marketwatch)
Today's solar eclipse boosted travel as U.S. citizens chase the event. (Reuters)
Boeing suffers yet another in-flight issue.
Analyst says buy the dip on Ulta Beauty stock after its worst week in 4 years.
Video game stock upgraded ahead of big-time game release.

There were no earnings of note today.

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Oil Breaks Winning Run, Gold Hits Another Record

Oil prices snapped a six-day win streak, as traders continue to monitor tensions in the Middle East. May-dated West Texas Intermediate (WTI) fell 48 cents, or nearly 0.6%, to settle at $86.43 a barrel.

Gold prices hit even more record highs today, with June-dated U.S. gold futures closing up 0.3% at $2,331.70 an ounce.

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