- The Dow is the best performer of Wall Street’s three main indices, rising 0.65%. It’s now right around the 200-day moving average of 42289 points.
- The VIX volatility index closes at 17.81, its lowest closing level since March 25.
- Walmart shares fall as much as 5% after the retailer warns on the outlook, but end the day only 0.5% lower.
- Oil falls 2.5% on expectations for a U.S.-Iran nuclear deal, which could ease sanctions and free up more supply.
- The yen is the big gainer in G10 FX, rising around 0.8% against the dollar ahead of Japan’s Q1 GDP data on Friday.
- South Korea’s won rallies after a government official says the deputy finance minister met with a senior U.S. Treasury official on May 5 to discuss the dollar/won market.
- Gold hits a one-month low of $3,120/oz before rebounding to close at the day’s high, up nearly 2% at $3,235/oz.
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