The major indexes finished lower for the second day as investors absorbed the latest tariff news ahead of the April 2 deadline, including levies targeting automakers. Rising bond yields added pressure, with the 10- and 30-year Treasury yields hitting their highest levels in over a month.

The Dow finished the day with a triple-digit loss, while the S&P 500 and Nasdaq settled firmly lower as well. Heading into Friday, all three major indexes are still in the black for the week. 

GOLD HITS RECORD HIGHS

Oil prices rose as investors unpacked tightening crude inventories and the possible effects of global trade tensions. May-dated West Texas Intermediate (WTI) crude rose 27 cents to $69.92 per barrel. 

Gold prices hit all-time highs as investors turned toward the safe-haven asset amid auto tariff concerns. U.S. gold futures rose 1.5% to $3,066.60, pulling back slightly from their intraday peak of $3,070.90. 

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