Stocks finished their relatively flat, as all eyes locked in on tomorrow’s start to the Fed’s two-day policy meeting. A 10-1 stock split with semiconductor sweetheart Nvidia () wasn’t enough to keep the tech-heavy Nasdaq from avoiding a third-straight loss. On the flip side, the stock market’s “fear gauge,” or Cboe Volatility Index (), snapped a three-day losing streak.
GOLD, OIL SPORT MODEST WINS
On the back of hope for stronger energy demand, July-dated West Intermediate (WTI) crude tacked on $2.21, or 2.9%, to close at $77.74 per barrel, black gold’s best single-session pop since February.Following Friday’s steep fall, gold managed to recover its inflation-driven losses. The June-dated commodity closed up 0.2%, to settle at $2,328.50 an ounce.More By This Author:
Stocks Close Flat As “Fear Gauge” Pops
