Dow Drops Triple Digits as Busy Week Begins

Wall Street failed to extend its end-of-the-week rally

Laura McCandless

Deputy Editor

Aug 12, 2024 at 4:26 PM

Stocks kicked off the week with shaky results, as investors look ahead to Wednesday's inflation data and monitor tensions in the Middle East. The Dow finished 140 points lower, failing to extend gains from Thursday and Friday, while the S&P 500 finished flat. The Nasdaq, though earlier up triple digits with help from Nvidia (NVDA), finished the day just 35 points higher. In the opening salvo of data this week, the U.S. budget deficit rose in July, now up more than $1.5 trillion in 2024.

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

3 retail stocks to watch ahead of this week's data.
Data mining stock flashing bull signal ahead of earnings.
Plus, HOOD upgraded; gold mining stock shines; SBUX pops on investor buzz.

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5 Things to Know Today

B. Riley Financial Inc (RILY) stock lost half its value today, after the company suspended its dividend and forecasted second-quarter losses. (MarketWatch)
The U.S. Securities and Exchange Commission (SEC) sued cryptocurrency company NovaTech for fraud. (Reuters)
Analyst: Robinhood stock sporting attractive entry point.
Barrick Gold stock on the rise after earnings.
Starboard Value takes stake in Starbucks.

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Oil Rises for 5th Day in a Row

Oil prices rose for the fifth consecutive day, amid concerns of an attack on Israel by Iran. September-dated West Texas Intermediate (WTI) crude rose $3.22, or 4.2%, to settle at $80.06 a barrel.

Gold prices rose on Monday as investors look ahead to inflation data. U.S. gold futures gained roughly 1% to $2,497.40 an ounce.

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