Wall Street recouped some of with a mini-rally today. The tech-heavy Nasdaq led the way, adding triple digits after Nvidia () overtook fellow “Magnificent 7” member Alphabet’s () market capitalization. The Dow finished with a triple-digit pop of its own, while the S&P 500 finished more moderately higher. Elsewhere, the VIX erased nearly all of Tuesday’s gains.
OIL SNAPS IMPRESSIVE WINNING STREAK
Oil prices snapped their seven-session winning streak following a reported that showed a 12 million-barrel weekly rise in domestic commercial crude inventories. What’s more, data showed that gasoline and distillate stockpiles declines. For the session, March-dated West Texas Intermediate Crude (WTI) lose $1.23 cents, or 1.6%, to finish at $76.64 per barrel.Spot gold dipped below the $2,000-per-ounce mark on Wednesday, as investors continues to fret over the Federal Reserves interest rate outlook. The most active April-dated gold lost $2.90, or 0.1%, to settle at $2,004.30 for the session.More By This Author:
Wall Street Bounces Back After Dismal Session
