The Nasdaq suffered another triple-digit drop as the tech sector broadly declined for the second day, while the S&P 500 closed just below fair value. The Dow, on the other hand, finished with a quiet gain, though off its session highs. The Federal Reserve's release of the July meeting minutes suggested members believe it is too soon for a rate cut, though the current labor market and inflation climate drew some concerns.
 

WEAKENING U.S. DOLLAR PUSHES GOLD HIGHER

Uncertainty around Ukraine peace talks and news of an inventory drop from the American Petroleum Institute (API) pushed crude higher. September-dated West Texas Intermediate (WTI) added 78 cents, or 1.3%, to settle at $63.13 per barrel.

An easing U.S. greenback sent gold futures higher for the session. December-dated gold added around 0.8%, to close at $3,388.70 per ounce.

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