The S&P 500 is now back above its year-to-date breakeven level
Tech stocks may still be surging, but the Dow sat out today's gains for back-to-back losses. The S&P 500 spent time on both sides of the aisle but ultimately finished higher, reclaiming its year-to-date breakeven level in the process. Thanks to a resurgent semiconductor sector, the Nasdaq toppled 19,000 for a sixth-straight win, the index's best winning streak since August.
Elsewhere, U.S. Treasury yields are continuing to move higher. The 10-year note rose for a fifth-straight day, hitting its highest levels since mid-February.
Continue reading for more on today's market, including:
- What made AMD stock soar today?
- Homebuilding stock to watch next week.
- Plus, nuclear stocks in focus; RIVN downgraded; and a retail stock in the red.
5 Things to Know Today
- Mortgage demand is on the mend, per the latest weekly data. (CNBC)
- Qatar's gift to President Trump has drawn bipartisan scrutiny. (Wall Street Journal)
- Small module reactors--get to know the term.
- Electric vehicle stock stopped in its tracks.
- Options bears piled on AEO after earnings.
Gold Scrapes Five-Year Low as Investor Optimism Returns
Crude oil prices fell today amid supply concerns. Last week's U.S. crude inventories rose last week, and in response, June-dated West Texas Intermediate (WTI) lost 52 cents, or 0.8%, to settle at $63.15 per barrel.
Gold prices were lower as well, as rising investor optimism continued to dull the demand for safe-haven assets. June-dated gold futures shed 1.9% to finish near $3,186 per ounce, and hit a five-week low earlier in the session..