The Dow has now logged five-straight record closes
The Dow is on a tear, nabbing a fifth-straight record close. The S&P 500 eked out a sixth-straight record close on the back of a ninth-straight daily win, its longest win streak since April 2025. The tech-heavy Nasdaq finished marginally higher for a record close to extend its win streak to nine, though an Alphabet (GOOGL) selloff kept gains in check. Elsewhere, the Cboe Volatility Index (VIX) logged its fourth loss in five sessions and Bitcoin (BTC) pulled back below $70,000 for the first time since April.
Continue reading for more on today's market, including:
5 Things to Know Today
- Famed short seller and Citron Research founder is headed to jail. (Bloomberg)
- The SpaceX initial public offering (IPO) takes another turn. (Reuters)
- Cava stock could have room to run.
- How are options traders playing the GOOGL selloff?
- HPE stock made history after earnings.
Commodities Rise as Macro Tensions Linger
Oil prices built on yesterday's strong start to the month, as the physical market for crude tightens and investors await updates from Iran. July-dated West Texas Intermediate (WTI) added over 1% to settle at $93.69 a barrel.
Gold prices logged their third win in the last four trading days, as investors remain cautious about the macro environment as it pertains to interest rates and inflation. June-dated gold futures added 0.3% to $4,519.90 per ounce.