Amid a choppy, data-driven session, stocks finished the day mostly higher. The Dow pared a triple-digit loss at its session lows to add 271 points, as the blue-chip index continues to narrow its year-to-date deficit. The S&P 500 also erased early morning losses to string together a fourth-straight win. The Nasdaq, on the other hand, gave back a brief foray into the black to ultimately finish marginally lower to snap a six-day win streak, with tech sector profit taking the culprit.
Continue reading for more on today's market, including:
- Walmart stock succumbs to tariff warning.
- A wildcard is shaking up the fintech sector.
- Plus, Foot Locker firms up; Palantir resistance to watch; and a futures primer.
5 Things to Know Today
- The U.S. and United Arab Emirates are teaming up for an AI data campus. (CNBC)
- The Fed and Jerome Powell could pivot from their current strategy. (Bloomberg)
- Foot Locker stock gets buyout boost.
- Resistance levels to watch for Palantir stock.
- Here's what sets futures apart from options trading.
Black Gold Suffers as Trump Hints at U.S.-Iran Deal
Crude oil prices took another hit today, pressured by comments from President Trump hinting at a potential U.S.-Iran nuclear deal during a visit to Qatar. June-dated West Texas Intermediate (WTI) lost $1.53, or 2.4%, to settle at $61.62 per barrel.
Gold prices bounced back, boosted by bargain-hunting and shaky economic indicators. June-dated gold futures added 1% to finish near $3,218.70 per ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
