The Dow jumped triple digits for the second day
Stocks reversed earlier losses and finished higher Thursday as Treasury yields retreated from session highs and oil prices cooled, helping ease inflation concerns and boost sentiment. The Dow notched a new record close after surging triple digits for a second day, while the S&P 500 and Nasdaq both logged modest gains. Meanwhile, Nvidia’s strong earnings report did little to surprise investors.
Continue reading for more on today's market, including:
- Bullish sentiment could spell trouble for SMCI stock.
- Retail stock attracts put buyers ahead of earnings.
- Plus, more on WMT's Q1; quantum names nab $2B stake; and how to spot trends like a pro.
5 Things to Know Today
- Justice Department charges Raul Castro over deadly 1996 plane shootdown amid renewed pressure on Cuba. (The New York Times)
- Trump eases climate rules on refrigerants and air conditioners, rolling back Biden-era environmental restrictions. (The New York Times)
- Walmart stock faltered below key support after earnings.
- 3 Quantum stocks cheer after government stake.
- Technical analysis basics every trader should know.
Oil Extends Pullback on Resolution Hopes
Oil extended its pullback Thursday and earlier fell below $100 per barrel as hopes for a U.S.-Iran resolution continued. June-dated West Texas Intermediate (WTI) shed 1.9% to settle at $96.35 per barrel.
Gold prices finished higher for a second day as Treasury yields cooled down. June-dated gold futures added 0.2% to settle at $4,539.80 per ounce.