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Stocks were a mixed bag today, as investors prepare for a monumental week of Fed rhetoric and Big Tech earnings. The Dow shed 64 points, as the blue-chip benchmark continues to stall below 45,000. The S&P 500 edged higher in the final minutes of trading to finish marginally higher with a sixth-straight record close. Meanwhile, the tech-heavy Nasdaq finished more comfortably in the black for a fourth consecutive record close.
Continue reading for more on today's market, including:
Oil Bounces Back on Trade Deal Optimism
Oil prices rose in response to the trade deal between the U.S. and EU, with gains accelerating after the U.S. reduced Russia's 50-day deadline for Russia to secure a ceasefire with Ukraine to 10-12 days. September-dated West Texas Intermediate (WTI) crude added $1.55, or 2.4%, to settle at $66.71 per barrel.
Gold prices fell amid global trade deal optimism and a red-hot U.S. dollar. August-dated gold futures shed 0.7% to settle at $3,313.20 per ounce.
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