AAL

Dow Logs Third-Straight Loss; Treasury Yields Still Elevated

Oil prices took another step back as well

Deputy Editor
May 30, 2024 at 4:25 PM
facebook X logo linkedin


Wall Street's losses stretched into another day, with investor sentiment dinged by Salesforce'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 Reserve'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 today's market, including:

Summary 0530

NYSE Nasdaq 0530

5 Things to Know Today

  1. Fed President John Williams says inflation is still too high. (CNBC)
  2. Dollar General's price cuts aren't enticing customers. (MarketWatch)
  3. Unpacking Salesforce's earnings report.
  4. Behind this retail stock's dismal day.
  5. PayPal's Fastlane option excited analyst.

Earnings 0530

UVOL 530

Commodities Prices Scatter Ahead of Inflation Reading

Oil futures fell Thursday, pressured after a surprise rise in fuel inventories lead to a selloff of "risky" assets and equities. For the session, July-dated West 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. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.