The 10- and 30-year Treasury yields hit their highest levels in over a month
The major indexes finished lower for the second day as investors absorbed the latest tariff news ahead of the April 2 deadline, including levies targeting automakers. Rising bond yields added pressure, with the 10- and 30-year Treasury yields hitting their highest levels in over a month.
The Dow finished the day with a triple-digit loss, while the S&P 500 and Nasdaq settled firmly lower as well. Heading into Friday, all three major indexes are still in the black for the week.
Continue reading for more on today's market, including:
- 2 EV stocks making moves today.
- Fintech stock flashing bull signal.
- Plus, what to know when trading commodities; behind VRNT's 52-week lows; and checking in with 2 auto stocks.
5 Things to Know Today
- U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. plans to cut 10,000 jobs in an overhaul of federal public health agencies. (Reuters)
- Quantinuum announced a breakthrough in quantum computing, using the 56-qubit Quantinuum System Model H2 to complete a number-generation task. (Barron's)
- How to minimize risk when trading commodity options.
- Verint Systems' disappointing fourth-quarter results.
- Tariffs pressured General Motors and Ford Motor shares.
Gold Hits Record Highs
Oil prices rose as investors unpacked tightening crude inventories and the possible effects of global trade tensions. May-dated West Texas Intermediate (WTI) crude rose 27 cents to $69.92 per barrel.
Gold prices hit all-time highs as investors turned toward the safe-haven asset amid auto tariff concerns. U.S. gold futures rose 1.5% to $3,066.60, pulling back slightly from their intraday peak of $3,070.90.