The major indexes all gave back modest gains in the final hour of trading
| 8/02/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Retreats From Record High as "Fear Gauge" Rises | By: Jake Scott | After spending most of the day higher, stocks retreated in the final hour to finish in the red on the first trading session of August. The Dow earlier nabbed a new intraday record high, but ultimately finished the session 97 points lower and has now ceded its year-to-date gain. Meanwhile, the S&P 500 and tech-heavy Nasdaq both finished with modest losses, as more strong earnings were overshadowed by an increase in Covid-19 cases. Elsewhere, the Cboe Volatility Index (VIX), Wall Street's "fear gauge," added nearly 7% today to nab its highest close since July 19. Continue reading for more on today's market, including: - Carnival Cruise options are popular despite rising Covid-19 cases.
- Why this solar stock is swimming in bull notes.
- Plus, more on VXRT's big day; Square's billion-dollar acquisition; and Robinhood's market debut.
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