The DJI and RUT both hit record highs earlier today
Today saw the S&P 500 and Nasdaq finish lower for both the day and week, with the latter dropping 398 points for the session, as investors rotated out of Big Tech. Both the Dow and small-cap Russell 2000 Index (RUT) hit record highs today before ultimately turning lower as well, though they each still managed to notch a third-straight weekly win. Monday will usher in the final full week of trading for 2025, with several big names on deck for earnings, as well as a slew of economic data.
Continue reading for more on today's market, including:
- Tenant termination tanks AI data center stock.
- Market moving events that hit Wall Street this week.
- Plus, who should buy options; wholesale favorite suffers slide; and weed stocks take over.
5 Things to Know Today
- Several states are planning to sue the Trump administration after the fee for an H-1B visa application was elevated to $100,000 for employers. (Bloomberg)
- Oracle (ORCL) is clapping back after yesterday's steep slide, saying its OpenAI arrangement has experienced no delays (CNBC)
- The advantages of buying long calls vs. a regular stock.
- Popular warehouse retailer suffers post-earnings blow.
- Behind today's sector-wide weed stock surge.
Crude Continues Slide as Oversupply Concerns Mount
Russian-Ukraine peace deal buzz and oversupply worries pressured crude lower. January-dated West Texas Intermediate (WTI) crude fell 16 cents, or 0.3%, to close at $57.44 per barrel for the session and dropped more than 4% on the week..
Gold traders are taking profits today, sending the commodity to seven-week highs, while silver futures pared back some of its recent gains. February-dated gold rose 0.4% to $4,328.30 per ounce for the day and climbed 2.5% for the week.