It was a relatively quiet end to a volatile week on Wall Street, with the Dow Jones Industrial Average (+0.4% at 34,207) managing a modest gain via a bounce in the energy sector.
"With global transportation demand set to recover sequentially, the upcoming new Iran nuclear deal could be the next bump in the recovery path for oil prices," says Francisco Blanch, head of global commodities, equity derivatives and cross-asset quantitative investment strategies at BofA-Merrill Lynch Global Research.
Indeed, while U.S. crude futures ended with a weekly loss (-2.7%) amid signs of progress on the Iran nuclear deal front, bargain hunters swooped in to boost black gold (+2.7% at $63.58 per barrel) to a daily win.
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The S&P 500 Index and Nasdaq Composite weren't so resilient, though, erasing early gains to end down 0.1% at 4,155 and 0.5% to 13,470, respectively.
Other action in the stock market today:
- The small-cap Russell 2000 improved by 0.3% to 2,215.
- Deere & Co (DE, +1.3%) gained ground after a strong earnings report. The farm equipment maker reported higher-than-expected profit and revenues in its fiscal second quarter, but warned of supply chain shortages through the remainder of 2021.
- Boeing (BA, +3.2%) climbed after Reuters reported the company is planning on ramping up production of its 737 Max aircraft by late 2022. BA was the best Dow stock today.
- Gold futures slipped 0.3% to end at $1,876.70 an ounce.
- The CBOE Volatility Index (VIX) retreated by 2.5% to 20.15.
- Bitcoin slumped 10.4% to $36,279.07. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
The Pros' Picks for Cheap Stocks
Share prices in many popular large-cap stocks – Amazon.com (AMZN) at about $3,200, Alphabet (GOOGL) at roughly $2,300, for example – remain arguably lofty.
And downright expensive for many individual investors who may only be spending a few hundred dollars at a time. Small-cap stocks, such as these 11 analyst favorites, generally offer more appealing entry points.
But if you really want to buy low with some extra cash or if you want to own more than one or two shares without spending thousands, check out this list of cheap stocks to buy. All 10 of the stocks earn consensus Buy or Strong Buy rating from analysts, meaning they're not only cheap but good values, too.
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Markets Weigh Earnings and Inflation: Stock Market TodayThe major U.S. indexes struggled Thursday amid a hot inflation reading and seasonal headwinds.
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$177 Million AT&T Settlement Announced — Are You Eligible for a Payout?Millions of current and former AT&T customers may be eligible for payments after two 2024 data breaches exposed personal information.
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Markets Weigh Earnings and Inflation: Stock Market Today
The major U.S. indexes struggled Thursday amid a hot inflation reading and seasonal headwinds.
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Dow Jones Adds 463 Points as Rate-Cut Odds Rise: Stock Market TodaySome futures traders are now pricing in the possibility of a jumbo rate cut in September, which lifted stocks today.
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July CPI Report Ignites a Risk-On Rally: Stock Market TodayMarket participants price out worst-case scenarios for tariffs and inflation and will now turn their attention to employment and growth.
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Stocks Slip Ahead of July CPI Report: Stock Market TodayThe latest inflation updates roll in this week and Wall Street is watching to see how much of an impact tariffs are having on cost pressures.
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Nasdaq Ends the Week at a New High: Stock Market TodayThe S&P 500 came within a hair of a new high, while the Dow Jones Industrial Average still has yet to hit a fresh peak in 2025.
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Stocks Swing Lower as Eli Lilly, Fortinet Spiral: Stock Market TodayThe main indexes finished well off their session highs after a disappointing batch of corporate earnings reports.
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Stocks Rally on Apple Strength: Stock Market TodayThe iPhone maker will boost its U.S. investment by $100 billion, which sent the Dow Jones stock soaring.
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Rally Pauses for Hot Earnings, Cool Data: Stock Market TodayMarkets were mostly mixed Tuesday after decisive moves Friday and Monday.
