Wall Street's "fear gauge" is at two-month highs now
Stocks continue to barrel toward correction territory, as geopolitical escalation and inflation fears trigger another broad-market selloff. The Dow shed 953 points for its worst single-session decline since April 21, 2025. The blue-chip index breached 50,000 at the close as well. The S&P 500 and Nasdaq each finished sharply lower, with tech stocks the major culprit. As President Donald Trump promises "to attack Iran very hard," Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged its highest close since April 7.
Continue reading for more on today's market, including:
- Signal: buy the dip on this quantum computing name.
- The World Cup starts tomorrow. What it means for stocks.
- Plus, a silver stock to target; CAVA upgraded; and unpacking Super Micro's selloff.
5 Things to Know Today
- Prediction markets grew for the second-straight month. (CNBC)
- Global container shipping rates are on the rise. (Reuters).
- Take a flier on this struggling silver miner.
- Cava stock rally aided by latest bull note.
- Super Micro stock suffers another setback.
Oil Back Above $90 as Gold Extends Slide
Oil prices moved back above $90 as it becomes clear the U.S. is planning more strikes against Iran. July-dated West Texas Intermediate (WTI) gained 2.1% to settle at $90.03 a barrel.
Gold prices fell with hopes for a quick resolution to Middle East tensions. August-dated gold futures lost 3.7% to settle at roughly $4,128.60 per ounce, its worst single-day decline since March 26.