There was a lot to love about today's session
Wall Street experienced a blockbuster session on Thursday, snapping a three-day losing streak after Nvidia's earnings boosted not only the tech sector but the broader market as a whole. The S&P 500 and Dow both touched record highs, with the latter surpassing the 39,000 level for the first time ever, while the tech-heavy Nasdaq posted its best one-day percentage gain in 12 months and finished a chip shot away from a record close.
Continue reading for more on today's market, including:
- 2 EV stocks that made massive post-earnings moves.
- Why options bulls aren't scared of this pharma stock's setup.
- Plus, new SPX indicators; NVDA's sector-wide impact; and shorts targeting ETSY.
5 Things to Know Today
- Today's jobless claims reading may have been exaggerated by delays tied to the President's Day holiday. (MarketWatch)
- AT&T (T) experienced a cellular outage earlier today that impacted thousands of users in the U.S. (CNBC)
- What to make of these SPX indicators.
- The chip stock that shook up the entire sector today.
- Etsy stock's short interest is building.
Gold Prices Touch 2-Week High Before Falling
Oil prices rose on the heels of data that showed a fourth consecutive weekly climb in U.S. crude inventories. For the session, April-dated West Texas Intermediate (WTI) crude added 70 cents, or 0.9%, to finish at $78.61 per barrel.
Gold prices pulled back from their highest mark since Feb. 9 after the dollar firmed on today’s strong jobless claims data. April-dated gold shed $3.60, or 0.2%, to settle at $2,030.70 per ounce.