In section Market Quotes
U.S. stocks ended lower after the sudden ouster of a key architect of the artificial-intelligence boom unsettled technology shares, while renewed inflation and war concerns pushed oil and Treasury yields higher. The Dow fell 189.40 points, and the Nasdaq lost 100.10 points.
The Dow Jones Industrial Average declined 189.40 points, or 0.36%, to 52,297.09. The S&P 500 shed 26.98 points, or 0.35%, to 7,592.40, while the Nasdaq Composite dropped 100.10 points, or 0.39%, to 25,366.09.
Oil futures rose $2.21, or 2.6%, to $88.74 a barrel in New York. President Trump said the U.S. no longer needed a deal with Iran, dimming hopes for a negotiated solution to the conflict that had emerged after the election.
Treasury yields climbed. The two-year yield rose 0.137 percentage point to 4.862%, and the 10-year yield gained 0.114 percentage point to 5.102%, its highest level since Oct. 21. The 30-year yield advanced 0.084 percentage point to 5.433%, recording its largest two-day increase since April 9, 2025.
The U.S. Dollar Index continued to reach new 52-week highs amid expectations of a rate hike in December. Gold futures, which are sensitive to moves in the dollar, fell $113.60, or 2.9%, to $3,878.40 a troy ounce—their lowest settlement in more than a year.
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