Stocks extended their recent selloff today, with investors hitting the e-brake on summer gains. The Dow snapped a six-day win streak with a 533-point drop, its worst single-session decline since May 23. The S&P 500 finished deep in the red as well, while the Nasdaq logged a second-straight triple-digit loss as the tech rotation intensified. As profit-taking grips Wall Street, the Cboe Volatility Index (VIX) rattled off its fourth-straight win and highest close since April 24. 

COMMODITIES COOL AS STOCK SELLOFF TAKES CENTERSTAGE

Oil prices were more muted today. August-dated West Intermediate (WTI) crude lost three cents to settle at $82.82 per barrel.

Gold prices cautiously rose today, as momentum for a September rate hike reaches full team. August-dated gold futures were mostly flat, last seen near a record $2,457 an ounce for the day.

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