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Stocks finished the day lower, as investors unpacked a flood of corporate earnings reports and a drop in job openings. The S&P 500 and Nasdaq reversed gains after earlier touching record highs -- the former snapping a six-day win streak and the latter marking its second loss in 12 sessions -- while the Dow shed 204 points. Wall Street is now eyeing U.S.-China trade talk developments, as well as the Fed's latest interest rate decision, due out tomorrow at 2 p.m. ET.
Continue reading for more on today's market, including:
Oil Bounces Back on Trade Optimism
Oil prices rose amid trade optimism, with President Trump threatening to impose tariffs on Russia if it does reach a truce with Ukraine within “10 days from today." September-dated West Texas Intermediate (WTI) crude rose $2.50, or 3.8%, to settle at $69.21 a barrel.
U.S. gold futures rose slightly as investors continued to eye U.S.-China trade talks. August-dated gold futures rose 0.4% to settle at $3,324 per ounce.
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