Wall Street closed Tuesday mixed after paring some losses from a steep midday dip. The tech-heavy Nasdaq logged its third-straight win, while the S&P 500 closed just below breakeven, and the Dow snapped a three-day win streak. Looking ahead, traders have a deluge of inflation data to unpack, as well as earnings from major financial names.
OIL FUTURES RISE AMID MIDDLE EAST TENSIONS, RED SEA DISRUPTIONS
Oil futures rose alongside stateside stocks, as investors evaluated tensions in the Middle East and disruptions in the Red Sea. For the session, West Texas Intermediate (WTI) crude for February delivery added $1.47, or 2%, to finish at $72.24 per barrel.Gold futures took a tiny step backwards as investors awaited the clues that this week’s inflation data could give regarding the Fed’s policy path. For the session, February-dated gold futures erased 50 cents to settle at $2,033 per ounce.More By This Author:Dow Resumes Selloff, Set To Snap Win Streak Stocks Snap 9-Week Win Streak To Start 2024Stocks Bounce Back Despite Looming Weekly Losses