S&P 500, Nasdaq Snag Fresh Record Closes
After a morning in the red, stocks powered their way to wins across the board today. The Nasdaq and S&P 500 hit fresh record highs for a third and fourth consecutive gain, respectively, with the tech-heavy former clocking its best single-session gain since Feb. 22. The Dow pared a triple-digit deficit to secure a modest win of its own.
Data pointing to a weak labor market was the talk of the Street today, after ADP private payrolls came in lower-than-expected, while ISM services PMI expanded slightly above anticipations.
Continue reading for more on today's market, including:
- Analysts swarm computer hardware name.
- Watch these 3 cyber stocks right now.
- Plus; a deep dive on oil; CRWD's post-earnings pop; and Instacart upgraded.
5 Things to Know Today
- The Association of Professional Flight Attendants has failed to reach an agreement with American Airlines (AAL), extending its current strike following a rejected 17% wage increase offer. (CNBC)
- Following a legal battle in Europe's top Court of Justice, Irish-based food chain Supermac's gained the right to use McDonald's (MCD) famous 'Big Mac' phrasing for its products. (MarketWatch)
- Bull signal that flashed bright before OPEC+ meeting.
- Crowdstrike stock wins the day after earnings
- Analyst: the Instacart selloff is overdone.
Crude Up Off the Mat Gain After Supplies Update
Following yesterday's losses, crude futures secured a bounce-back win, their first in six sessions, amid gains in commercial oil, gas, and distillate. July-dated West Intermediate (WTI) crude tacked on 82 cents, or 1.1%, to close at $74.07 per barrel.
Responding to a fall in bond yields, gold futures climbed higher for Wednesday's session. The June-dated commodity added 1.2% to settle at $2,375.70 per ounce.
