The Dow and S&P 500 are now mired in a four-day losing streak
Wall Street closed out a rough week on a low note, as trade headwinds pick back up. The Dow and S&P 500 dropped for the fourth-straight session, while the tech-heavy Nasdaq slid further below the 19,000 level. All three major indexes finished with sharp weekly losses, the S&P 500's worst since April 4. With investors now wrangling with renewed tariff threats from President Trump, on top of elevated bond yields, it's no surprise to see the Cboe Volatility Index (VIX) log its first weekly gain in the last seven.
Continue reading for more on today's market, including:
- Apple stock slides as Trump takes aim.
- When will analysts wake up to eBay stock?
- Plus, software stock buzz; Hoka melts down; and getting ready for MDW.
5 Things to Know Today
- Trump's tariff comments put the Federal Reserve in a tough spot. (CNBC)
- U.S.-Iran nuclear talks are coming along, albeit slowly (Reuters)
- 2 software stocks blitzed by options traders.
- Earnings send footwear stock to 2012 lows.
- Hit the ground running on Tuesday with this Memorial Day week analysis.
Weekly Loss for Oil, Weekly Gains for Gold
Oil prices finished marginally higher today, but turned in a steep weekly loss. June-dated West Texas Intermediate (WTI) added 27 cents, or 0.5%, to settle at $61.47 per barrel. For the week, black gold shed 1%.
Gold prices gained today, as safe-haven appeal rose in the face of renewed trade war threats. June-dated gold futures added 2% to finish at $3,360.10 per ounce. For the week, gold added 4.6%.