Stocks rose across the board today, as investors traded the news of an Israel-Iran ceasefire and shrugged off its fragility. The Dow added 507 points for a third-straight win and highest close since March 3, while the Nasdaq and S&P 500 each followed suit with their highest close since Feb. 20. As oil prices slipped and tech stocks surged, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), retreated back below 20, even as President Donald Trump expressed frustration with both Middle Eastern countries.
Continue reading for more on today's market, including:
- How this biotech stock won the day.
- AppLovin stock flashing "buy the dip" signal.
- Plus, a 2025 Top stock pick check-in; another "buy" signal to watch; and DG gets downgraded.
5 Things to Know Today
- The S&P Case-Shiller home price index slowed to a two-year low in April. (CNBC)
- Fed Chair Jerome Powell is urging caution on interest rate cuts. (Bloomberg)
- Our Top Stock Picks of 2025 are having quite the Q2.
- McDonald's stock is also flashing an intriguing signal.
- Analyst pumps the brakes on Dollar General stock.
Crude Drops 6% as Supply Concerns Grow
Oil prices dropped sharply for the second-straight day, as supply concerns raged during the ceasefire developments. July-dated West Texas Intermediate (WTI) crude fell 6%, or $4.14, to close at $64.37 per barrel.
Gold prices cooled to a more than two-week low today, with investors stepping away from safe-haven assets. U.S. gold futures lost 1.8% at $3,333.90 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.
