Job openings data and Big Tech gains dominated headlines
Stocks were mostly higher today, the Nasdaq turning in a notable bounce after mega caps Apple (AAPL), Nvidia (NVDA), and Amazon.com (AMZN) powered the tech sector. Meanwhile, the S&P 500 was rangebound most of the day, but rallied just above breakeven in the final minutes of trading. The Dow came off its session lows, but still finished in the red, even as investors unpacked job openings data that signaled a robust labor market.
Continue reading for more on today's market, including:
5 Things to Know Today
- What the South Korean president's failed attempt at martial law could mean for his political future. (Reuters)
- Not so fast on that SpaceX initial public offering (IPO). (MarketWatch)
- Buy the dip on General Dynamics stock.
- A lot to like about Enovix stock right now.
- Upgrade can't help CVS stock clear key level.
Oil Prices Eye $70 as OPEC+ Meeting Looms
Oil prices popped today ahead of the meeting Organization of the Petroleum Exporting Countries & Allies (OPEC+), where output cuts are expected to be extended. For the session, January-dated West Texas Intermediate (WTI) crude added $1.84, or 2.7%, to settle at $69.94 per barrel, black gold's biggest single-day gain in two weeks.
Gold prices cautiously rose today, buoyed by a softer dollar and the upbeat jobs report. For the session, gold for December delivery added 0.8% to settle at $2,665.80 an ounce.