All three major benchmarks closed in the black
With help from the tech sector, the major indexes finished the day with wins. The S&P 500 and Nasdaq resumed their rise after yesterday snapping three-day win streaks, while the Dow struggled to break past the 4,300 level on a closing basis, but still popped triple digits. A soft PPI reading was overshadowed by news of Boeing's (BA) India Dreamliner 787 India crash. Trade concerns reemerged as well, as investors await a definitive deal between the U.S. and China.
Continue reading for more on today's market, including:
- How options traders quadrupled their money with this solar stock pick.
- BioNTech is acquiring CureVac in a billion-dollar deal.
- Plus, what's on tap next week; and two software stocks getting a lift.
5 Things to Know Today
- With mortgage rates down, here are seven reviews of top mortgage providers. (MarketWatch)
-
The U.S. Justice Department is
suing New York over a law blocking immigration officials from arresting people at or near courthouses, which New York vows to defend. (
Reuters)
- The Fed's latest interest rate decision will highlight next week.
- AI demand boosts Oracle stock.
- Needham reiterated its "buy" rating.
Oil Pulls Back from Yesterday's Spike
Oil prices fell today, after rising sharply last session amid conflict between Israel and Iran. July-dated West Texas Intermediate (WTI) crude fell 11 cents, or 0.16%, to close at $68.04 a barrel.
Meanwhile, a cool PPI and weakening Middle Eastern tensions sent August-dated gold futures 2% higher to settle at $3,410.70 per ounce.