The Dow jumped nearly 300 points and is back near record highs
Wall Street rallied today, brushing off the ongoing tariff battle and worse-than-expected earnings reports from Big Tech. The Dow logged a nearly 300-point pop, and now is within striking distance of a record high. The S&P 500 and Nasdaq traded on both sides of the aisle but ultimately finished in the black, the tech-heavy latter paring a triple digit loss at its session lows.
Bond yields retreated today, with the 10-year Treasury yield falling 10 basis points at 4.412% earlier after the Treasury Department said auction sizes will remain untouched "for at least the next several quarters."
Continue reading for more on today's market, including:
- 3 social media stocks (other than META) to consider.
- AMD stock suffers yet another post-earnings setback.
- Plus, three earnings reports worth unpacking.
5 Things to Know Today
- President Trump said the U.S. "will take over the Gaza Trip" and "we'll own it." (CNBC)
- Read more about China's limited tariffs. (Reuters)
- Novo Nordisk wins on weight-loss drug hype.
- Alphabet stock suffers worst day since 2023.
- Options traders couldn't get enough of Disney stock.
Oil, Gold Moving in Opposite Directions
Oil futures marked their lowest close of 2025 today, following U.S. data that showed a rise of nearly nine million barrels in crude inventories. March-dated West Texas Intermediate (WTI) crude shed $1.67, or 2.3%, to settle at $71.03 per barrel.
Gold prices touched another al-time high today, hitting $2,882.16 earlier in the session thanks to continued interest in the safe-haven asset amid growing worries about a U.S.-China trade war. The contract for February delivery was last seen trading 0.7% higher at $2,896.90 an ounce.