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Tech sector troubles clouded Wall Street today, with the S&P 500 and Nasdaq both logging their third loss in the last four sessions. The Dow eked out a win, with Caterpillar (CAT) a notable outperformer. Every Magnificent Seven stock finished in the red today, as profit taking and broader AI sustainability questions linger. Elsewhere, the small-cap Russell 2000 Index (RUT) nabbed a record close, toppling 3,000 for the first time ever today.
Continue reading for more on today's market, including:
There are no corporate earnings to report today.
Oil prices moved lower today, as reports of progress between the U.S. and Iran eased supply concerns. July-dated West Texas Intermediate (WTI) closed down 2.3% to finish at $74.82.
Gold futures also fell today. August-dated gold futures lost 1%, last seen at $4,181.90/oz.
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