{"id":98020,"date":"2026-06-03T17:33:02","date_gmt":"2026-06-03T17:33:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98020"},"modified":"2026-06-03T17:33:02","modified_gmt":"2026-06-03T17:33:02","slug":"sp-500-nasdaq-100-drop-from-records-as-rate-hike-bets-build-oil-climbs-stock-market-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98020","title":{"rendered":"S&P 500, Nasdaq 100 Drop From Records As Rate-Hike Bets Build, Oil Climbs: Stock Market Today"},"content":{"rendered":"
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U.S. stocks retreated from record highs at midday Wednesday as hotter-than-expected economic data and a renewed surge in Treasury yields revived fears the Federal Reserve could soon raise interest rates<\/a>.<\/p>\n

The S&P 500 fell 0.6% to around 7,568, putting a nine-session winning streak in jeopardy. A late-day rebound back into positive territory would instead stretch the run to 10 days, its longest since 1995.<\/p>\n

Treasuries Sold Off Sharply<\/h2>\n

The yield on the 10-year note climbed about 6 basis points to 4.50%, the 2-year rose to 4.10%, and the 30-year held at 5.00%. <\/p>\n

The move followed ADP data showing the private sector added 122,000 jobs in May, above forecasts and the strongest reading since January 2025, alongside a stronger-than-expected ISM Services index at 54.5 and a 4.8% jump in factory orders.<\/p>\n

The Nasdaq 100 dipped 0.5% to about 30,513 as the rise in yields hammered the largest growth names. Within Magnificent Seven stocks,\u00a0Microsoft Corp.\u00a0<\/a>(NASDAQ:<\/a>MSFT<\/a>)<\/strong>\u00a0fell 3.4%,\u00a0Nvidia Corp.\u00a0<\/a>(NASDAQ:<\/a>NVDA<\/a>)<\/strong>\u00a0dropped 3.0% and\u00a0Amazon.com Inc.\u00a0<\/a>(NASDAQ:<\/a>AMZN<\/a>)<\/strong>\u00a0lost 2.4%. <\/p>\n

The small-cap Russell 2000 underperformed, falling 1.2%.<\/p>\n

Meanwhile, the latest Iranian strikes and a sharp drop in U.S. crude inventories lifted oil for a third straight session.<\/a><\/p>\n

West Texas Intermediate crude rose 2.5% to trade above $96 a barrel, while Brent climbed 2.0% toward $98, extending a third consecutive daily advance after government data showed U.S. crude inventories fell by roughly 8 million barrels last week, far more than expected.<\/p>\n

Gold pulled back from recent strength, sliding 1.1% to about $4,440 an ounce as the stronger dollar and rising real yields sapped demand, dragging the\u00a0SPDR Gold Shares\u00a0<\/a>(NYSE:<\/a>GLD<\/a>)<\/strong>\u00a0lower. Silver fell 2.3%.<\/p>\n

Bitcoin<\/strong> (CRYPTO: <\/a>BTC<\/a>) fell for the fourth straight session to $65,900, reaching lows last seen in late March. <\/p>\n

Wednesday\u2019s Performance In Major US Indices<\/h2>\n

<\/p>\n\n\n\n\n\n\n\n\n
Index<\/th>\nLast<\/th>\n% Change<\/th>\n<\/tr>\n<\/thead>\n
S&P 500<\/td>\n7,567.66<\/td>\n-0.6%<\/td>\n<\/tr>\n
Dow Jones<\/td>\n50,900<\/td>\n-0.8%<\/td>\n<\/tr>\n
Nasdaq 100<\/td>\n30,513<\/td>\n-0.5%<\/td>\n<\/tr>\n
Russell 2000<\/td>\n2,897.89<\/td>\n-1.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Updated by 12:15 PM ET<\/em><\/figcaption><\/p>\n<\/figure>\n

According to <\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n

<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks retreated from record highs at midday Wednesday as hotter-than-expected economic data and a renewed surge in Treasury yields revived fears the Federal Reserve could soon raise interest rates. The S&P 500 fell 0.6% to around 7,568, putting a nine-session winning streak in jeopardy. A late-day rebound back into positive territory would instead stretch […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98020","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98020"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98020\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}