Tech Giants Drive Nasdaq Up as Dow Dips
Today, stocks mostly climbed, led by a strong performance in the tech sector from major players like Apple (AAPL), Nvidia (NVDA), and Amazon.com (AMZN). While the S&P 500 fluctuated throughout the day, it managed to end just above breakeven. Conversely, the Dow closed lower, despite news from the job openings report indicating a solid labor market.
Read on for insights into today’s market developments:
Today’s Top 5 Market Highlights
- The implications of South Korean president’s failed attempt at martial law. (Reuters)
- Details on the delay of the SpaceX initial public offering (IPO). (MarketWatch)
- Investor interest in General Dynamics stock for potential dips.
- Reasons to be optimistic about Enovix stock right now.
- Despite an upgrade, CVS stock struggles to break key resistance.
Oil Prices Surge Ahead of OPEC+ Meeting
In anticipation of the upcoming OPEC+ meeting, oil prices increased sharply. January-dated West Texas Intermediate (WTI) crude rose by $1.84, or 2.7%, settling at $69.94 per barrel, marking its largest one-day gain in two weeks.
Gold prices also saw a slight uptick, influenced by a weaker dollar and positive job reports. December delivery gold rose by 0.8% to settle at $2,665.80 an ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
