Wall Street took a breath today, with all three major indexes finishing in the red. The Dow shed 620 points -- its worst single-session decline since March 27 -- to halt the blue-chip index's win streak at five. The S&P 500 and Nasdaq also spent the day in the red to snap their nine-day win streaks, the tech-heavy latter breaching 27,000. Rising bond yields brought on by a stronger-than-expected ADP payrolls report put a dent in the tech stock rally today. Elsewhere, renewed hostilities between the U.S. and Iran over Kuwait missile strikes have oil prices back on the move.
Black Gold Makes it 3 Straight
Oil prices are now on a three-day heater as the U.S. and Iran renew fire. July-dated West Texas Intermediate (WTI) added over 2% to settle at $96.02 a barrel.
Gold prices joined equities lower today, as inflationary pressures remained. June-dated gold futures shed 1.1% to $4,468.60 per ounce.
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