Dow Snaps Win Streak, Nasdaq Closes Down Triple-Digits

It was another uninspiring day for markets, even with the ever-growing list of "meme-stocks" giving Wall Street whiplash. The Dow sunk just below breakeven in the last few minutes of trading but still managed to erase most of this morning's 265-point drop, as a round of positive jobs data helped strengthen reopening plays. The S&P 500 also fell, but still remains just 1% from last month's record peak. The Nasdaq fared the worst, settling with a triple-digit drop as inflation fears keep investors rotating out of tech stocks.  

The Dow Jones Average (DJI - 34,577.04) lost 23.3 points or 0.07% for the day. Dow (DOW) led the Dow components with a 2.4% rise, while Intel (INTC) paced the laggards, falling 2.2%.

Meanwhile, the S&P 500 Index (SPX - 4,192.85) dropped 15.3 points or 0.4% for the day. The Nasdaq Composite (IXIC - 13,614.51) lost 141.8 points or 1% for the day.

Lastly, the Cboe Volatility Index (VIX - 18.04) added 0.6 points or 3.2% for the day.

Closing Indexes Summary June 3

NYSE and Nasdaq Stats June 3

Corporate Earnings June 3

Unusual Options Activity June 3


Oil prices saw a slight drop from yesterday's highs, after U.S. data presented a sharp weekly decline in domestic crude inventories by over five million barrels. Gasoline stockpiles, on the other hand, unexpectedly rose. Fears that the United States will lift sanctions currently imposed on Iran is also keeping weight on the commodity. July-dated crude lost 2 cents, or 0.03%, to settle at $68.81 per barrel.

A hardening U.S. dollar sent gold prices tumbling back below the closely watched $1,900 level. Many were taking profits on the precious metal's impressive 13% rally since March, with some speculating the surge could be finding its top. August-dated gold lost $36.60, or 1.9%, to settle at $1,873.30 an ounce.

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