Dow Cools from Fresh Highs as Chip Stocks Sell Off

• 2 homebuilding stocks moving on July data.
• Marketplace launch boosts Best Buy stock.
• Plus, blue-chip stock surging; charts you can't miss; and CAT edges higher.

5 Things to Know Today

1. Meta Platforms (META) is restructuring its new artificial intelligence (AI) unit again. (Bloomberg)
2. Steel and aluminum tariffs have been slapped with another Trump update. (CNBC)
3. This Dow stock brushed off a quarterly miss.
4. Don't miss these charts for your trading buffet. 
5. Why Caterpillar stock is climbing the ranks.

Oil, Gold Lower as Geopolitical Updates Loom

Oil prices moved lower as investors mulled over the long-term impact of a potential end to the war in Ukraine, as well as the lifting of Russian crude sanctions. September-dated West Texas Intermediate (WTI) shed $1.07, or 1.7%, to settle at $62.35 per barrel.

With investor focus still on the Jackson Hole summit, gold slipped. The now most popular, December-dated gold contract fell around 0.5%, to close at $3,361.80 per ounce.