The S&P 500 and Nasdaq snapped their six-day losing streaks
Stocks kicked off the week on a positive note, recovering some of last week's losses. The Dow scored a 253-point win, while the S&P 500 and Nasdaq snapped their six-day losing streaks with strong gains as well. Elsewhere, Nvidia (NVDA) bounced back from last week's slide, adding 4.4% for the session, while oil prices dropped amid easing tensions in the Middle East.
Continue reading for more on today's market, including:
- Solar stock in focus on Earth Day.
- Aluminum stock upgraded on Inflation Reduction Act tailwinds.
- Plus, VZ's mixed results; Bitcoin halving boosts crypto; and last week's big-name earnings.
5 Things to Know Today
- Nike is adding Caitlin Clark to its roster of athletes with a reported $20 million deal. (MarketWatch)
- Shifting more toward services, the U.K. is still exporting less goods than it did pre-Brexit. (Bloomberg)
- Options traders target Verizon stock after earnings.
- 2 crypto stocks to watch amid Bitcoin buzz.
- A quick recap of the market last week.
Oil, Gold Fall as Geopolitical Risk Diminishes
May-dated West Texas Intermediate (WRI) crude fell 29 cents, or nearly 0.4%, to settle at $82.85 a barrel. Along with deescalating tension in the Middle East, investors shifted their focus back to potential rate cuts.
Coming off five-straight weekly gains, June-dated gold suffered its worst day since April 5. The precious commodity futures dropped $67.40 or 2.9%, to finish at $2,346.40 per ounce.