Wall Street has certainly been feeling the "summer doldrums" over the last two days, amid lower trading volume. The market remains optimistic, however, as investors await updates regarding U.S.-China trade talks. The Nasdaq rose 123 points with help from Big Tech, marking its third-straight gain and sixth win in seven sessions alongside the S&P 500, while the Dow added triple-digits as well.
Continue reading for more on today's market, including:
- Chip darling marks 7th-straight win on upbeat revenue.
- Why J.M. Smucker stock fell to five-year lows.
- Plus, MCD downgraded; stocks moving on trade talks; and SPX levels to watch.
5 Things to Know Today
- U.S. small business sentiment rose in May. (Reuters)
- The U.S. and Mexico are reportedly nearing a deal regarding steel tariffs. (Bloomberg)
- Options traders target McDonald's stock after downgrade.
- Ways tariff volatility can create opportunity.
- Will negative S&P 500 sentiment continue to unwind?
Oil, Gold Inch Lower Amid Trade Buzz
Oil prices dipped today, as focus remains on the U.S. and China. July-dated West Texas Intermediate (WTI) crude fell 31 cents, or 0.47%, to $64.98 per barrel.
Gold inched lower as investors monitored trade talks and a rising greenback weighed heavy. August-dated gold futures fell 0.3% to settle at $3,343.40 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.
