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After a mixed day of trading, all three major indexes eked out comfortable gains. The S&P 500 secured a record close and third-straight win alongside the Dow, as the former pushed above 6,500. The Nasdaq secured a triple-digit pop, as traders unpacked GDP data for the second quarter, which beat expectations with a 3.3% rise. Meanwhile, Nvidia's (NVDA) highly anticipated post-earnings session resulted in a 0.8% drop for the shares, despite results backing exponential AI growth.
Continue reading for more on today's market, including:
Slowing fuel demand as the travel season dies down, combined with the resurgence of the Druzhba pipeline to carry Russian crude supply to Hungary and Slovakia pressured crude futures today. Nevertheless, black gold pivoted higher following news of Russia's overnight missile and drone attack against Ukraine. September-dated West Texas Intermediate (WTI) rose 45 cents, or 0.7%, to settle at $64.60 per barrel.
A weakening greenback and worries surrounding Fed independence pushed gold to five-week highs today. December-dated gold futures added 0.8% to finish at $3,466.10 per ounce.
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