On Wall Street, the market experienced a day of gains, capping off a mostly successful week marred by a minor setback. Despite the Dow relinquishing a triple-digit midday surge to end with only marginal gains, its streak of five consecutive weekly victories remains intact. The Nasdaq, buoyed by a mid-week surge from Nvidia (NVDA), notched a record close and clinched its fifth consecutive week of positive performances. Furthermore, the S&P 500 achieved a modest weekly gain for the fifth week in a row, while the Cboe Volatility Index (VIX) ended a four-week losing streak.
For further insights into today’s market movements, here are some highlights:
- A notable Mining stock to watch for call traders.
- An analysis of Nvidia’s earnings and stock split following a stellar performance.
- An examination of the factors driving Wall Street, Boeing’s challenges with cash flow, and a detailed retail report.
5 Key Developments Today
- Controversy surrounds Google’s “AI Overview”. (CNBC)
- Treasury yields remained stable post the release of durable-goods order data. (MarketWatch)
- A comprehensive review of this week’s market fluctuations.
- Exploring the stock market repercussions of Boeing’s cash flow concerns.
- A retail stock experiences a surge in value after achieving a beat-and-raise scenario.
Oil Futures Experience 2% Weekly Decline
Following four consecutive days of decline, oil futures rallied. July’s West Texas Intermediate (WTI) crude saw an increase of 1.1%, adding 85 cents to reach $77.72 per barrel for the day. However, it concluded the week with a 2.3% loss.
Meanwhile, gold prices continued their downward trajectory, marking a fourth consecutive day of losses. June’s gold prices dipped 0.1% to $2,334.50 per ounce for the session, resulting in a weekly decline of 3%.
