The Dow locked up its third win in the last four trading days
The Dow righted the ship today with a solid win, finishing in the black for the third time in the last four sessions. The S&P 500 and Nasdaq joined the blue-chip index in the win column, despite trading flat for most of the day. As Wall Street unpacked encouraging consumer confidence data, all eyes now turn to the revised third-quarter gross domestic product (GDP) reading due out tomorrow.
- Why these cybersecurity stocks are in focus.
- Chip stock stumbles from all-time highs.
- Plus, a Dow stock upgraded; GameStop's options frenzy; and the options edge.
5 Things to Know Today
- U.S. home prices are up for the seventh month in a row. (MarketWatch)
- 2024 Republican nominee Nikki Haley has a new benefactor. (Reuters)
- Boeing stock stays hot after upgrade.
- Meme stock a call trader target today.
- Stock trading vs. options trading: the differences.
Gold Stays Hot, Oil Snaps Skid
Oil prices rose slightly today to snap a four-day skid. West Texas Intermediate (WTI) added 51 cents, or 0.7%, at $75.37 a barrel.
Meanwhile, gold prices strung together a fourth-straight win, buoyed by a falling dollar and optimism over an ending rate hike cycle from the Fed. As of this writing, gold was up $1.47 to settle at $2,042.00 an ounce.