Dow, Nasdaq Bounce Back With Triple-Digit Wins

The Cboe Volatility Index (VIX) logged its worst daily net loss since April

Patrick Martin

Managing Editor

Jul 22, 2024 at 4:23 PM

Stocks righted the ship today, with the Dow and Nasdaq each logging triple-digit gains as tech stocks pared some of last week's rotation-fueled losses. The latter snapped a three-day losing streak alongside the S&P 500, with both notching their best single-session gains since June 5. Joining the rebound was the small-cap Russell 2000 (RUT), logging a 1.7% pop, while the Cboe Volatility Index (VIX) registered its worst single-session decline since April 22.

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

Nvidia stock at an intriguing entry point.
Should post-split Chipotle stock be on your radar?
Plus, retail outperformer upgraded; Ryanair earnings; and a bank sector roundup.

closing summary july22

nyse nasdaq July22

5 Things to Know Today

How did gas prices react to President Biden's announcement? (MarketWatch)
Sovereign wealth funds are eyeing emerging markets. (Bloomberg)
Analyst: a lot to like about this retail stock.
Yet another airline stock grounded.
Unpacking the bank sector struggles.

Earnings July22

Commodities Sluggish to Start New Week

Oil prices fell today, as demand concerns in China weigh. August-dated West Intermediate (WTI) crude shed 35 cents, or 0.4%, to settle at $79.78 per barrel.

Gold prices were flat even as the U.S. dollar cooled off. August-dated gold futures dropped 0.1%, to settle at $2,395.70 an ounce for the day.

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