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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
The Dow, S&P 500, and Nasdaq all notched their third-straight record closes to kick off the week, with the blue-chip index paring a triple-digit loss at the open. The small-cap Russell 2000 (RUT) stayed hot as well, marking its second consecutive record close. After some early session choppiness, Nvidia (NVDA) gave a tech sector a boost after announcing a $100 billion investment into OpenAI, while AI peer Oracle (ORCL) surged after a C-suite shakeup. Looking ahead, investors will be eyeing a flood of economic data and Fed speeches this week.
Continue reading for more on today's market, including:
Oil prices fell for the fourth day after news that Iraq increased oil exports under an Organization of the Petroleum Exporting Countries and allies (OPEC+) agreement. October-dated West Texas Intermediate (WTI) crude closed the book down 28 cents, or 0.45%, to $62.64 per barrel.
Fresh off their fifth-straight weekly win, gold futures hit more record highs today. U.S. gold futures for December delivery climbed 1.4% to $3,740.70 per ounce.
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