U.S. equities posted modest gains to begin the week amid a dormant economic calendar and light equity news, as investors look ahead to a week that will be chock full of potential market-moving events, an acceleration of Q2 earnings season, as well as elevated geopolitical tensions. Treasury yields were little changed, the U.S. dollar inched higher, crude oil prices were mixed, and gold nudged lower. In light equity news, Halliburton posted better-than-expected quarterly earnings and Vail Resorts inked a deal to acquire Peak Resorts.
The Dow Jones Industrial Average (DJIA) rose 18 points (0.1%) to 27,172, the S&P 500 Index gained 8 points (0.3%) to 2,985, and the Nasdaq Composite increased 58 points (0.7%) to 8,204. In moderate volume, 717 million shares were traded on the NYSE and 1.8 billion shares changed hands on the Nasdaq. WTI crude oil added $0.46 to $56.22 per barrel and wholesale gasoline was down $0.01 at $1.83 per gallon. Elsewhere, the Bloomberg gold spot price ticked $0.63 lower to $1,424.74 per ounce, and the Dollar Index—a comparison of the U.S. dollar to six major world currencies—gained 0.1% to 97.28.
Treasuries finished unchanged amid an economic calendar void of any major releases today, as the yields on the 2-year and 10-year notes, along with the 30-year bond, were flat at 1.82%, 2.05% and 2.57%, respectively.
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