Market Recap for Tuesday, August 2nd, 2016
Stocks were lower today, responding to continued losses in Crude Oil and weakness overseas.
The major indices have been all over the place during the last few trading sessions. But today we saw stocks moving together again.
And with losses across the board, the NASDAQ's 5-day win-streak came to an end.
Here's where the major indices ended the day:
- The S&P finished with a 0.6% loss. Down 14 points, the S&P ended at 2,157.
- The DOW ended 0.5% lower. Dropping 91 points, the DOW closed at 18,314.
- The NASDAQ was down 0.9%. With a 46 point loss, the NASDAQ finished at 5138.
The slide in Crude Oil (CL) continued today, as CL ended the day with another 1.4% loss. With a close of $39.51 a barrel, CL has finished lower in 8 out of the last 9 sessions.
But not all commodities are struggling right now. While CL sinks lower and lower, metals are on fire!
Gold (GC) is currently on a 6-day win streak. Up 1.0%, today's close of $1372.6 is the 2nd best of the year. And in case you haven't been keeping track, Gold is now up an impressive 27.9% for the year!
Silver (SI) was also up nicely today. With a 1.0% gain and close of $20.70 an ounce, SI finished the day at a 2016 best.
Tomorrow's economic calendar picks up with ADP Non-Farm Employment Change at 8:15am ET, ISM Non-Manufacturing PMI at 10:00am ET, and Crude Oil Inventories at 10:30am ET.
This Week's Economic Calendar
Real Time Economic Calendar provided by Investing.com.
Have a great trading week!