Chips Carry Nasdaq Higher as Oil Climbs and Gold Cools
The Nasdaq led Wall Street higher Thursday as chips regained footing, while oil climbed past $82 and gold cooled from its record run.
Currency news, exchange-rate guides, and product updates.
The Nasdaq led Wall Street higher Thursday as chips regained footing, while oil climbed past $82 and gold cooled from its record run.
Tech led a quiet comeback as semiconductors rebounded, while gold eased from record highs and Treasury yields drifted lower.
All three major indexes slipped on Monday in a sleepy August session, but the VIX dropped to 15.28 suggesting no real alarm. Gold held near ,448 while oil climbed to 3.91.
Wall Street found its footing Thursday after a surprise July jobs loss. The S&P 500, Nasdaq, and Dow all closed higher as Treasury yields ticked lower. Here's what moved markets — and what to watch this week.
Tech stocks powered the Nasdaq to a 1.24% gain while the Dow dropped 312 points. Gold surged to $4,399.70, nearing the $4,400 milestone. Oil held flat, Bitcoin slipped, and Treasury yields edged lower.
Nasdaq surges 5.19% as equities stage a massive rally. Gold explodes to ,399 with a 9% single-day gain while the S&P 500 and Dow notch impressive advances. Oil and yields buck the trend.
Bitcoin fell below $63,000 on Monday as traders rotated out of risk assets.