Dow Marks 253-Point Win; Nasdaq, S&P 500 Snap Losing Streaks

All three major benchmarks rebounded from last week's losses

Deputy Editor
Apr 22, 2024 at 4:25 PM
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Stocks kicked off the week on a positive note, recovering some of last week's losses. The Dow scored a 253-point win, while the S&P 500 and Nasdaq snapped their six-day losing streaks with strong gains as well. Elsewhere, Nvidia (NVDA) bounced back from last week's slide, adding 4.4% for the session, while oil prices dropped amid easing tensions in the Middle East. 

Continue reading for more on today's market, including:

  • Solar stock in focus on Earth Day. 
  • Aluminum stock upgraded on Inflation Reduction Act tailwinds. 
  • Plus, VZ's mixed results; Bitcoin halving boosts crypto; and last week's big-name earnings. 

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5 Things to Know Today

  1. Nike is adding Caitlin Clark to its roster of athletes with a reported $20 million deal(MarketWatch)
  2. Shifting more toward services, the U.K. is still exporting less goods than it did pre-Brexit. (Bloomberg) 
  3. Options traders target Verizon stock after earnings. 
  4. 2 crypto stocks to watch amid Bitcoin buzz. 
  5. A quick recap of the market last week. 

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Oil, Gold Fall as Geopolitical Risk Diminishes

May-dated West Texas Intermediate (WRI) crude fell 29 cents, or nearly 0.4%, to settle at $82.85 a barrel. Along with deescalating tension in the Middle East, investors shifted their focus back to potential rate cuts. 

Coming off five-straight weekly gains, June-dated gold suffered its worst day since April 5. The precious commodity futures dropped $67.40 or 2.9%, to finish at $2,346.40 per ounce.

 

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