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.
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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.
Markets took a breather Tuesday with all three major indexes posting modest losses, while Treasury yields ticked higher and gold extended its rally. Here's what the data tells us about where markets are headed next.
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.
The Dow Jones tumbled 464 points on Monday as rising Treasury yields sparked a rotation out of equities and into commodities.
Markets diverged sharply as equities rallied, crude oil tumbled, and gold smashed through the $4,300 barrier for the first time.