---
title: "Dow Runs Out of Steam, Joins Stock Selloff"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/209261271.md"
description: "Stocks extended their recent selloff today, with the Dow snapping a six-day win streak and experiencing its worst single-session decline since May 23. The tech rotation intensified, resulting in triple-digit losses for the Nasdaq. The Cboe Volatility Index (VIX) reached its highest close since April 24. Oil prices were more muted, while gold prices cautiously rose."
datetime: "2024-07-18T20:25:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/209261271.md)
  - [en](https://longbridge.com/en/news/209261271.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/209261271.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/209261271.md) | [繁體中文](https://longbridge.com/zh-HK/news/209261271.md)


# Dow Runs Out of Steam, Joins Stock Selloff

Stocks extended their recent selloff today, with investors hitting the e-brake on summer gains. The Dow snapped a six-day win streak with a 533-point drop, its worst single-session decline since May 23. The S&P 500 finished deep in the red as well, while the Nasdaq logged a second-straight triple digit loss as the **tech rotation** intensified. As profit taking grips Wall Street, the Cboe Volatility Index (VIX) rattled off its fourth-straight win and highest close since April 24.

_Continue reading for more on today's market, including:_

-   **3 airline stocks** grounded lately.
-   Not even an upgrade could save **Gap stock** today.
-   Plus, tech rotation fallout; a beauty stock with upside; and Microsoft's bull signal.

## 5 Things to Know Today

1.  Federal Reserve's **'beige book'** paints a bleak picture. (_MarketWatch_)
2.  European Central Bank (ECB) may not be done cutting **interest rates**. (_Bloomberg_)
3.  **2 stocks** impacted by the tech rotation.
4.  **elf Beauty stock** has contrarian potential. cx
5.  Time to **buy the dip** on Microsoft?

__

## Commodities Cool as Stock Selloff Takes Centerstage

Oil prices were more muted today. August-dated West Intermediate (WTI) crude lost three cents to settle at $82.82 per barrel.

Gold prices cautiously rose today, as momentum for a September rate hike reaches full team. August-dated gold futures were mostly flat, last seen near a record $2,457 an ounce for the day.

### 相关股票

- [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/zh-CN/quote/QQQ.US.md)
- [Proshares UltraPro QQQ (TQQQ.US)](https://longbridge.com/zh-CN/quote/TQQQ.US.md)
- [Direxion Nasdaq 100 Equal Weight Index shares (QQQE.US)](https://longbridge.com/zh-CN/quote/QQQE.US.md)
- [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/zh-CN/quote/.DJI.US.md)
- [Proshares UltraPro Short QQQ ETF (SQQQ.US)](https://longbridge.com/zh-CN/quote/SQQQ.US.md)
- [Short Dow30 Pro (DOG.US)](https://longbridge.com/zh-CN/quote/DOG.US.md)

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