Wall Avenue was a blended bag right now as rate-cut optimism wore off, although all three main indexes nonetheless scored their second consecutive successful week. The Dow rallied within the remaining hour of buying and selling to attain a report shut and keep above the important thing 42,000 degree. The S&P 500 and Nasdaq completed the session just under breakeven, whereas the Cboe Volatility Index (VIX) fell for the day and turned in its second-straight weekly loss.
Proceed studying for extra on right now’s market, together with:
- Look ahead to this energy stock breakout.
- Nike stock bounced after a c-suite shakeup.
- Plus, a primer on choices expiration; VLO’s bear be aware; and two auto shares to observe.
5 Issues to Know In the present day
- New knowledge reveals that commerce between China and Mexico is on the rise as tariffs change into a significant speaking level for the 2024 U.S. Presidential Election. (CNBC)
- The Federal Commerce Fee (FTC) right now sued CVS Well being (CVS), alleging the corporate artificially increased insulin costs and made its more durable to get lower-priced merchandise. (MarketWatch)
- Choices 101: what occurs when options expire?
- Analyst turns bearish on energy stock.
- Regulate the these auto sector headwinds.
Gold, Oil Take pleasure in Price Reduce Optimism
Oil costs remained regular right now, turning of their second straight weekly win amid assist from the Fed’s price lower and falling U.S. provide. October-dated West Texas Intermediate (WTI) crude shed 22 cents cents, or 0.3%, to shut at $71.73 a barrel, and rose roughly 4% for the week.
Gold costs additionally stayed elevated, buoyed by bets that the Fed would situation extra rate of interest cuts within the close to time period. Gold for December supply added 1% to shut the session at $2,644.60.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
