The S&P 500 continued to test the 5,000 level
Wall Street logged a third-straight win across the board today, with the Dow paring a hefty triple-digit midday loss and scoring another record close. The S&P 500 finished higher but is yet to overcome the 5,000 level for the first time ever, achieving an intraday high of 4,999.89. The tech-heavy Nasdaq, meanwhile, logged a modest win even after bond yields rose, the 10-year Treasury note touching 4.16% earlier today.
Continue reading for more on today's market, including:
- 2 stocks that made big moves after earnings.
- Why analysts are betting on this casino stock.
- Plus, an options strategy to consider; Disney's docket; and ARM breaks out.
5 Things to Know Today
- Senators gave the go-ahead signal for debates to open regarding a $95 billion foreign aid package to fund Ukraine, Israel, and Taiwan. (CNBC)
- The Federal Communications Commission (FCC) just made robocalls that contain voices generated by artificial intelligence (AI) illegal. (MarketWatch)
- How to profit from short call spreads.
- Walt Disney has some big plans for the future.
- The catalyst for Arm stock's new highs.
Oil Prices Log 4th Consecutive Win
Oil futures marked their fourth consecutive win, after Israel rejected a proposal made by Hamas for a ceasefire and release of hostages in Gaza. Further heightening tensions in the Middle East, the U.S. killed a militant commander in Iraq. For the session, March-dated West Texas Intermediate Crude (WTI) added $1.60, or 2.2%, to finish at $75.46 per barrel.
Gold prices continued to be influenced by a firm dollar and higher bond yields. April-dated gold lost $3.80, or 0.2%, to settle at $2,047.90 for the session.