Highlights
Stocks rose again Thursday as oil prices and longer bond yields retreated again on hopes for a US-Iran peace deal. The Dow Jones industrial average gained 0.6 percent, the S&P 500 firmed 0.2 percent and the Nasdaq was up 0.9 percent. Bond yields rose at the short end and declined at the very long end. WTI crude oil futures fell while the dollar was mostly higher.
Reports that suggested progress toward a US-Iran deal boosted risk appetite even as a top Iranian officials was quoted rejecting US terms on retaining enriched uranium. Among notable stocks, Nvidia sold off despite a big earnings beat and Walmart sold off after the market reacted badly to its quarterly earnings.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.