The S&P 500 and Dow flipped between breakeven today
Stocks struggled across the board today as AI pressure weighed on sentiment, with heavyweights Oracle (ORCL) and Broadcom (AVGO) both extending last week's sharp losses. The S&P 500 and Dow flirted with breakeven most of the day before settling modestly lower, while the the tech-heavy Nasdaq finished deep in the red for its third-straight drop. Tomorrow's release of November's nonfarm payrolls and October retail sales data is moving into focus, where the former is expected by analysts to rise 40,000.
Continue reading for more on today's market, including:
- Software stock slides on analyst downgrade.
- 2 real estate stocks with red-hot options today.
- Plus, Nike laces up for earnings; aerospace stock slides; and brokerage backs retail stock.
There were no earnings of note today.
Oil Futures See Added Pressure
Oil prices fell as investors eyed the Russian-Ukraine peace deal and tensions between the U.S. and Venezuela. January-dated West Texas Intermediate (WTI) crude fell 62 cents, or 1.1%, to close at $56.82 per barrel for the session.
Gold futures saw similar pressure, but remained higher as the U.S. continued talks with Ukraine's President Volodymyr Zelenskyy. February-dated gold added 0.2% to $4,335.20 per ounce for the day.