Wall Street's mixed midday performance turned into a selloff to end the session, as traders grappled with figures that showed no sign of easing inflation in the U.S. The Treasury yield market roared back to life, with the 10-year note adding 11 basis points to rise to 4.707% as fears rise that higher yields are the new norm. The Dow shed more than 170 points and, along with the S&P 500 and Nasdaq, snapped a four-day win streak

OIL FUTURES FALL FOR 3RD CONSECUTIVE SESSION

Oil futures turned in a third-straight loss Thursday, after a more than 10-million-barrel weekly rise in domestic crude supplies. U.S. production just surpassed its 2020 pre-pandemic all-time high, climbing to 13.2 million barrels per day. Crude for November delivery lost 58 cents, or 0.7%, to settle at $82.91 per barrel.

Gold futures broke their four-session run higher, with December-dated gold erasing $4.30 to settle at $1,883 an ounce.  

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