Financial stocks helped offset some of today's tech losses
The S&P 500 and Nasdaq settled quietly higher on Tuesday, the latter snapping a four-day losing streak after reversing earlier losses. The Dow also enjoyed a modest gain as financial stocks made up for some of today's tech sector weakness. AI disruption fears remain, however, with industries from software to real estate potentially implicated. While the Cboe Volatility Index (VIX) settled lower as the major benchmarks made headway, it marked its fourth consecutive close above 20.
Continue reading for more on today's market, including:
- Palantir Technologies stock still a favorite amongst options traders.
- Trendline crossover signal could boost Vistra stock.
- Plus, pre-earnings look at LMND; medtech names to watch; and CVX brushes off an upgrade.
5 Things to Know Today
- Anthropic just released its newest AI model, Claude Sonnet 4.6, which the startup noted is better at using computers, coding, design, and knowledge work. (CNBC)
- Bayer's chemical subsidiary Monsanto proposed a $7.25 billion settlement to resolve lawsuits alleging its Roundup weed killer caused non-Hodgkin lymphoma. (CBS)
- Lemonade stock pulling back to technical support before earnings.
- Danaher shares surge on $10 billion Masimo buyout.
- Chevron stock extends pullback from three-year peak.
Oil Falls as U.S., Iran Make Progress on Nuclear Talks
Oil prices settled lower on Tuesday, after Iran’s foreign minister said there was progress in nuclear talks with the U.S. March-dated West Texas Intermediate (WTI) crude shed $1.23, or 1.8%, to settle at $67.42 barrel.
Gold prices fell alongside silver, with several mining stocks gapping lower as investors eyed delayed economic data. April-dated gold futures fell 3% to settle at $4,889.30 per ounce.