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The major benchmarks saw little movement in most of today's trading, but managed to finish comfortably higher as Wall Street cast concerns over President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook aside. Long-term Treasury yields scored impressive gains, while the greenback cooled. Investors also unpacked a 2.8% tumble in durable goods orders for July as they eyed Nvidia's (NVDA) earnings release, which is due out after tomorrow's market close.
Continue reading for more on today's market, including:
Potential supply disruptions to Russian oil amid tensions with Ukraine sent crude prices lower. September-dated West Texas Intermediate (WTI) shed 2.4%, or $1.55, to settle at $63.25 per barrel.
Today's Fed firing pushed gold futures to a two-week high, as investors flocked to the safe-haven metal. December-dated gold futures charged 0.3% higher to finished at $3,426 per ounce.
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