Wall Street finished the day on a high note, achieving a successful week despite a minor setback. The Dow, after trimming a triple-digit midday surge, ended slightly higher for the day, breaking its five-week winning streak. In contrast, the Nasdaq, boosted mid-week by Nvidia (NVDA), closed at a record high and notched its fifth straight week of gains. Meanwhile, the S&P 500 secured a marginal win for the week, also marking its fifth consecutive week of gains. The Cboe Volatility Index (VIX) ended a four-week losing streak.
Read on for more insights into today’s market, including:
- Mining stock considerations for call traders.
- A review of Nvidia’s earnings and stock split.
- Analysis of the market drivers, Boeing’s cash flow challenges, and a retail report.
Key Insights for Today
- Google’s “AI Overview” faces criticism. (CNBC)
- Treasury yields remained steady post durable-goods order data. (MarketWatch)
- Reviewing the week’s market fluctuations.
- Analyzing the stock repercussions of Boeing’s cash flow issues.
- Retail stock surges following beat-and-raise results.
Oil Futures Experience 2% Weekly Decline
Oil futures rebounded after four consecutive days of losses. The July-dated West Texas Intermediate (WTI) crude rose by 85 cents, or 1.1%, to $77.72 per barrel during the session, but incurred a 2.3% weekly loss.
Gold prices remained on a downward trajectory today, registering a fourth consecutive loss. In the session, June-dated gold dipped by 0.1% to $2,334.50 per ounce, marking a 3% decline for the week.
