The Dow and S&P 500 marked record closes on Tuesday, notching their fourth-straight gains on hopes of a brief government shutdownthat will have little impact on stocks. The Nasdaq also secured its fourth consecutive win, brushing off a delayed nonfarm payrolls report for September. Meanwhile, ADP employment data showed private payrolls dropping by 32,000 in August, compared to the gains of 45,000 that analysts expected.
Continue reading for more on today's market, including:
Plus, NKE's post-earnings pop; solar stock upgraded; and what's on next week's schedule.
5 Things to Know Today
Intel (INTC) is reportedly in early talks with Advanced Micro Devices (AMD) to manufacture chips for it in its foundry business. (CNBC)
Federal Reserve Governor Lisa Cook will keep her position for now, after the Supreme Court delayed a ruling on her termination until January. (Barron's)
Oil prices marked their third-straight loss on Tuesday, as investors weighed government shutdown concerns and next month's planned crude output boost by the Organization of the Petroleum Exporting Countries and its allies (OPEC+). November-dated West Texas Intermediate (WTI) crude fell 0.8%, or 48 cents, to $61.89 per barrel.
Gold prices settled at record highs as traders sought a safe haven in the yellow metal. Gold futures for December delivery were last seen up 0.7% at $3,867.50 per ounce.
Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, backtesting, and much more.