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.
Continue reading for more on today's market, including:
Discount retail stock seizes record high after Q2 report.
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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