HomeMarket NewsDow Logs Third-Straight Loss; Treasury Yields Still Elevated

Dow Logs Third-Straight Loss; Treasury Yields Still Elevated

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Wall Streetโ€™s losses stretched into another day, with investor sentiment dinged by Salesforceโ€™s (CRM) revenue whiff and rising Treasury yields. The Dow slid 330 points for a third-straight loss, its worth losing streak since mid-April, while the Nasdaq also shed triple digits. Investors are also bracing for the release of the Federal Reserveโ€™s favorite inflation gauge, the personal consumption expenditures (PCE) price index, due out tomorrow and expected to show slow progress.

Continue reading for more on todayโ€™s market, including:

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5ย Things to Know Today

  1. Fed President John Williams says inflation is still too high. (CNBC)
  2. Dollar Generalโ€™s price cuts arenโ€™t enticing customers. (MarketWatch)
  3. Unpacking Salesforceโ€™s earnings report.
  4. Behind this retail stockโ€™s dismal day.
  5. PayPalโ€™s Fastlane option excited analyst.

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Commodities Prices Scatter Ahead of Inflation Reading

Oil futures fell Thursday, pressured after a surprise rise in fuel inventories lead to a selloff of โ€œriskyโ€ assets and equities. For the session, July-dated Westย Texas Intermediate (WTI) crude lost $1.32, or 1.7%, at $77.91 a barrel for the session.

Gold prices, meanwhile, managed to eke out a win. For the session, June-dated gold added 0.1% at $2,366.50 per ounce.ย 


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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