S&P 500, Nasdaq-100 Fall for Third Straight Session | Closing Bell

Summary

The S&P 500, Nasdaq-100, and Dow all fell for a third straight session. Oil prices remained elevated, and long-term Treasury yields approached 5.2%, raising structural concerns. Sector moves included gains in energy and healthcare, while materials and financials lagged. The episode also highlighted earnings commentary from Cisco and Chewy, and growing interest in space stocks ahead of a SpaceX IPO.

• Major U.S. indices declined for the third consecutive day.
• Brent and WTI crude oil prices stayed near highs, adding pressure on equities.
• The 30-year Treasury yield flirted with 5.2%, the highest since 2007.
• Healthcare and energy sectors outperformed; materials, communications, and financials lagged.
• Cisco shares fell after CFO warned about gross margin volatility.
• Chewy shares dropped to multi-year lows on consumer pullback comments.
• Space stocks, including Rocket Lab and Planet Labs, gained attention ahead of SpaceX IPO.
• Hyperliquid Strategies surged 13.6% on SEC plans for tokenized stock trading.