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All three major indexes fell for the third-straight day, extending their drop from record highs as the AI sector continued to decline, with Oracle (ORCL) stock finishing the day down 5.5%. Rising bond yields also weighed on tech, following this morning's strong jobs report and upward GDP revision. The Dow and tech-heavy Nasdaq both suffered triple-digit losses, while the S&P 500 closed at its lowest level in almost two weeks.
Continue reading for more on today's market, including:
Oil prices crept lower today, with November-dated West Texas Intermediate (WTI) crude falling 12 cents, or 0.18%, to $64.87 per barrel.
Gold prices eased for the second day after this morning's jobless claims data, though still hovering below Tuesday's record highs. U.S. gold futures for December delivery fell 0.1% to $3,766.00 per ounce.
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