Despite swinging into negative territory earlier in the day, the Nasdaq managed to claw its way out of the red to settle above breakeven. The Dow and S&P 500 were not as lucky, with the former shedding 219 points and the latter logging a third-straight loss. Investors remain cautious about the job market on the heels of private payrolls data, with all eyes on tomorrow's labor report, which is expected to provide a better snapshot of the economy and will likely influence the future of interest rates.
Continue reading for more on today's market, including:
- 3 airline stocks to monitor as sector tailwinds blow.
- Nvidia options pop amid flashing bullish signal.
- Plus, oil stock could bounce; JetBlue's improved outlook; HPE gaps lower.
5 Things to Know Today
- Former President Donald Trump revealed a batch of economic policy proposals ahead of his presidential race debate against Vice President Kamala Harris. (CNBC)
- Tesla (TSLA) stock rallied today after the company revealed plans to roll out its full self-driving assistance software in China and Europe next year. (MarketWatch)
- Short-term pop could be in store for oil & gas stock.
- JetBlue's improved outlook draws options bulls in.
- Hewlett Packard stock suffers post-earnings dip.
Gold Snaps Losing Streak; Oil Dips to 2024 Low
Oil prices settled in the red on Thursday and earlier slipped to their lowest level of 2024. Demand fears overshadowed the Organization of the Petroleum Exporting Countries' (OPEC) decision to extend voluntary production cuts until late November. November-dated West Texas Intermediate (WTI) crude fell 5 cents, or 0.1%, to settle at $69.15 a barrel.
Gold prices surged, snapping their four-day losing streak as the U.S. dollar weakened as the labor market seemed to cool off. The data made investors more confident in a robust interest rate cut. Gold for December delivery was last seen up 0.8% at $2,545.60 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.
