Dow Scores Record Close as S&P 500, Nasdaq Snap Slide

Stocks started the holiday-shortened week off with outsized gains across the board, the Dow adding 306 points for its first-ever close above 52,000. The S&P 500 and Nasdaq both snapped their five-day losing streaks, with Magnificent 7 stocks --especially Alphabet (GOOGL) -- doing their part in the rally. Wall Street welcomed the reduced Middle East hostilities, with investors rotating back into a weakened tech sector.

Continue reading for more on today's market, including: 

5 Things to Know Today

1. The Supreme Court ruled that President Donald Trump cannot fire Fed Governor Lisa Cook. (CNBC)
2. Brutal heatwaves are happening right now at home and abroad. (Reuters)
3. Comcast spinoff shakes up streaming sector.
4. Terawulf stock earns another upgrade.
5. Buy the dip on this struggling tech stock.

There were no earnings of note today.

Oil prices stabilized some, though gains were capped by the cessation of hostilities in the Strait of Hormuz. July-dated West Texas Intermediate (WTI) added 2.4% to finish at $70.85 a barrel for the day.

Gold futures fell as the safe-haven asset remained wary of Middle East uncertainty. August-dated gold futures lost 1.4%, to settle at $4,019.79/oz for the session.