The Highs and Lows: Stocks and Commodities

Following The Consumer Price Index (CPI) report, tech stocks began spiraling while commodities like gold soared new all time highs.

Nvidia, Amazon, Meta, Microsoft, and Google all took a dive of over 2% following the cooler than expected inflation report. The ES and NQ also retreated from their record highs set earlier week.

Gold, on the other hand, had a good rally. Prices soared $42.20, or 1.8%, to settle at $2,421.90 an ounce – Gold was at a daily high of $2,430.40.

Indices were near record highs earlier this week, tomorrow will be a waiting game if they finish out the week in the red or in positive territory.

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