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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.
All three major indexes posted strong gains as tech stocks led a broad-based rally, while gold surged past $4,228 and oil slipped.
Wall Street surged on Tuesday with the Nasdaq jumping 2.13% as tech stocks led a broad-based rally across all major indexes.
NVIDIA shares rose nearly 3% on Monday, continuing their remarkable run as enterprise AI adoption drives demand for GPUs.
The Shanghai Composite slipped 0.59% on Monday as investors grew impatient with Beijing reluctance to announce major stimulus.