President Trump pulled out of a meeting with Kim Jong Un, and threatened tariffs on auto imports
The Dow was down more than 280 points at its session lows, as President Donald Trump's decision to call off a June 12 summit with North Korea by way of a letter to Kim Jong Un rocked the markets. On top of that, investors digested threats of new tariffs on auto imports from the Trump administration. However, stocks managed to pare most of their losses by day's end, thanks in part to sharp gains out of the retail sector.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 24,811.76) settled down 75.1 points, or 0.3%, with only eight of the 30 Dow components closing higher. The biggest winner was General Electric (GE), which rose 3%, and Exxon Mobil (XOM) paced the losers, sliding 2.3%.
The S&P 500 Index (SPX - 2,727.76) dipped 5.5 points, or 0.2%, and the Nasdaq Composite (IXIC - 7,424.43) flirted with positive territory, but closed down 1.5 points, or 0.02%.
The Cboe Volatility Index (VIX - 12.53) dipped 0.05 point, or 0.4%, as the 20-day moving average again capped the "fear gauge's" upside.


5 Items on Our Radar Today
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Facebook continues to take steps to tighten up its platform. The social media giant just announced an archive for political ads, allowing users to see who paid for them, among other details. (Reuters)
- Netflix's market cap today surpassed that of Walt Disney's, making it the most valuable media company in the known universe. Netflix stock has more than doubled in the past year. (CNBC)
- Why these Dow stocks could struggle next week.
- Time to strike on Cypress Semiconductor stock.
- Calls are cheap on this bouncing gold stock.


Data courtesy of Trade-Alert
Gold Rises on North Korea Fears
Oil prices fell today amid growing speculation that the Organization of the Petroleum Exporting Countries (OPEC) will begin to ease output limitations. July-dated crude futures finished down $1.13, or 1.6%, at $70.71 per barrel.
Today's geopolitical tensions provided a lift for gold prices, though. June gold futures added $14.80, or 1.2%, to end at $1,304.40 per ounce.