The Dow scored a fourth-straight win today
As Nvidia (NVDA) goes, so goes Wall Street. With the chip giant succumbing to profit taking for a second-straight day, tech stocks and the Nasdaq closed red. The Dow eked out its fourth-straight win, while the S&P 500 finished off 8 points after spending the day on both sides of breakeven. Despite the choppy session, all three major indexes secured a weekly win.
Continue reading for more on today's market, including:
- Analyst pumps the brakes on Palantir stock.
- Nike stock props up the Dow after upgrade.
- Plus, firearms stock fizzles; market cap movers; and an options pricing primer.
5 Things to Know Today
- Fast fashion Shein's initial public offering (IPO) is dead in the water. (CNBC)
- China automakers are cornering the Southwestern Asia market. (Reuters)
- Firearms stock overdue for downgrades after earnings.
- Should you care about Apple's market cap movement?
- 3 keys to nailing options pricing.
Weekly Wins for Oil, Gold
Oil prices stumbled into the weekend, with August-dated West Intermediate (WTI) crude shedding 56 cents, or 0.7%, to settle at $80.73 per barrel. For the week, black gold added 3.4%.
A rising U.S. dollar weighed on gold today. August-dated gold shed 1.6% higher, to settle at $2,331.20 an ounce. Gold managed a modest win for the week.