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U.S. Market Close Mixed With Just the Nasdaq Squeezing Out a Small Gain

July 23, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks pulled back at Thursday’s closing bell after Wednesday’s Fed-fueled rally. The Dow Jones Industrial dropped triple digits. Only the Nasdaq managed to add to gains, even hitting the 5,000 mark in the session. Crude oil gave back gains dropping more than 2.5%. Futures fell on renewed worries of oversupply from OPEC. Oil companies slid with Exxon Mobil (XOM) and Chevron (CVX) contributing to the Dow’s losses. Apple (AAPL) weighed on the average on its first day as a blue chip. Facebook (FB) helped push the Nasdaq to gains. The social media giant announced earlier this week it plans to allow a money-sending function on its Messenger App users.

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