The Dow broke above 40,000 for the first time ever, but closed lower for the day
The broad-market rally took a breather today, even though history was made. Tailwinds from Walmart's (WMT) earnings helped the Dow snag a fresh all-time high and briefly top the 40,000 mark for the first time ever. However, the blue-chip index ultimately closed in the red, as profit-taking and Fed fatigue poured cold water on the achievement later in the session. The S&P 500 and Nasdaq also both fell from intraday record highs as well to close in the red, the latter snapping a three-day win streak.
Continue reading for more on today's market, including:
- It's time to get ready for Nvidia earnings.
- Cisco stock tried to keep the Dow afloat today.
- Plus, Warren Buffett's mystery stock; GOOS takes flight; and the tech discount bin.
5 Things to Know Today
- Meet Uber Caregiver, a convenient way to get to doctor's appointments. (MarketWatch)
- The Supreme Court confirmed the Consumer Financial Protection Bureau (CFPB) has a legal funding structure. (CNBC)
- Berkshire Hathaway finally discloses latest purchase.
- Earnings helped Canada Goose stock take flight.
- 2 tech stocks on sale right now.
Crude Prices Bounce Back
Oil futures built on yesterday's bounce, with June-dated West Texas Intermediate (WTI) crude adding 60 cents, or 0.8%, at $79.23 a barrel. This marked the highest front-month finish since May 9.
Gold futures took a step back, with June-dated gold futures down $11 to trade at $2,383.90 per ounce at last check.