S&P 500 Logs 5th-Straight Drop; Dow Sheds Triple Digits

• Competition fears ding grocery giant.
• 3 stocks suffering amid the solar sector selloff.
• Plus, quantum stock slide could be done; another earnings blunder; and choppy tech equity has promise.

5 Things to Know Today

1. A record number of U.S. home buyers backed out of their contracts in July. (Bloomberg)
2. President Trump has managed to skirt a nearly $500 million civil fraud fine through the New York state court of appeals. (CNBC)
3. Quantum computing stock looking to leap higher.
4. Today's big blue-chip earnings blunder.
5. Analyst praises choppy tech stock.

Gold Slips as U.S. Dollar Strengthens

Increased demand in the U.S. and worries surrounding the war in Ukraine pushed crude higher. September-dated West Texas Intermediate (WTI) added 81 cents, or 1.3%, to settle at $63.52 per barrel.

Gold moved lower as the greenback recovered slightly from yesterday's drop, and investors eyed the Fed speech due out tomorrow. December-dated gold fell around 0.2%, to close at $3,386.50 per ounce.