Dow Suffers Fourth-Straight Triple Digit Loss

Wall Street's selloff continued for another day, as investors aggressively rotate out of risk-on names. The Dow suffered its fourth-straight triple-digit drop, giving back almost 500 points today, while the S&P 500 is mired in a four-day skid of its own.

The tech-heavy Nasdaq also fell triple digits, marking its fifth loss in six sessions, though all three major indexes did finish well off their session lows. Each of the Magnificent 7 stocks finished the day in the red, as investors brace for a potentially volatile Nvidia (NVDA) earnings report after the close tomorrow.

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OIL POPS AS GOLD CONTINUES TO LAG 

Oil prices saw green today thanks to persistent supply concerns. December-dated West Texas Intermediate (WTI) crude added 83 cents, or 1.4%, to settle at $59.91 per barrel.

Gold prices buckled again today, as Fed fatigue keeps a lid on the safe-haven asset. December-dated gold futures lost 0.2% to settle at $4,061.30 per ounce.


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