Stocks locked in gains across the board today, with Wall Street emboldened by upbeat retail sales data and a strong batch of corporate reports. The Dow added 229 points for its second-straight triple digit pop. The S&P 500 and Nasdaq both secured record closes, with the latter currently riding a four-day win streak and scoring its 10th record settlement so far this year. Traders are also eyeing remarks at 6:30 p.m. E.T. from Federal Reserve President Christopher Waller -- widely regarded as a candidate to replace Fed Chair Jerome Powell.
Continue reading for more on today's market, including:
- Keep these 3 EV stocks on your radar.
- Biotech stock steals the show after restructuring.
- Plus, SBUX downgraded; Coca-Cola earnings prep; and a retail stock to target.
5 Things to Know Today
- In less enthusing data, business inventories were unchanged in May. (Reuters)
- Homebuilder confidence in July continues to grapple with weak demand. (CNBC)
- Analyst doesn't mince words about Starbucks stock.
- Coca-Cola earnings may not be as fizzy as Pepsi's.
- 2 contrarian indicators flashing for William-Sonoma stock.
Oil Bounces Back Amid Tightening Supply
Oil prices righted the ship today, thanks to low inventories and lingering Middle East tensions. August-dated West Texas Intermediate (WTI) crude rose $1.08, or 1.6%, to settle at $67.46 per barrel.
Gold prices moved lower, as the U.S. dollar moved higher amid the deluge of upbeat economic data. August-dated gold futures lost 0.4% to settle at $3,345.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
