Tech sector troubles clouded Wall Street today, with the S&P 500 and Nasdaq both logging their third loss in the last four sessions. The Dow eked out a win, with Caterpillar (CAT) a notable outperformer. Every Magnificent Seven stock finished in the red today, as profit taking and broader AI sustainability questions linger. Elsewhere, the small-cap Russell 2000 Index (RUT) nabbed a record close, toppling 3,000 for the first time ever today.
Commodities Cool to Start the Week
Oil prices moved lower today, as reports of progress between the U.S. and Iran eased supply concerns. July-dated West Texas Intermediate (WTI) closed down 2.3% to finish at $74.82.
Gold futures also fell today. August-dated gold futures lost 1%, last seen at $4,181.90/oz.
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