The Nasdaq is now in the midst of a six-day win streak
The stock market kicked off the short week with impressive gains. The Dow snapped a four-day losing streak with a triple-digit win, its best single-session pop of the month so far. The tech-heavy Nasdaq and S&P 500 both logged yet another record close, the former scoring its sixth-straight win. As investors parse through economic data indicating a strengthening economy, all eyes turn to retail sales data due out tomorrow.
Continue reading for more on today's market, including:
5 Things to Know Today
- Though finishing in under 20 minutes, GameStop's (GME) shareholder meeting covered several hard-hitting questions, including its $2.14 billion stock sale and the future of the company's direction. (MarketWatch)
- On the heels of announcing its new partnership with financial institution Affirm (AFRM), Apple (AAPL) stated today it will no longer be accepting "buy now, pay later" plans on its Apple Pay checkout. The Affirm feature is expected to launch later this year. (CNBC)
- Yet another analyst bullish on Best Buy stock.
- Autodesk stock gets the activist bump.
- Don't sweat the Disney stock struggles, says signal.
There were no earnings of note today.
Oil Extends Last Week's Gains
Despite an early drop following Chinese crude data, black gold finished Monday higher. July-dated West Intermediate (WTI) crude rose $1.88 or 2.4%, to close at $80.33 per barrel.
A rise in bond yields and a booked calendar of Fed appearances sent gold futures lower this afternoon. The most-active, August-dated gold closed down 0.8% near $2,330.10 an ounce.