<div id="readability-page-1">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&amp;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: <ul> <li>3 airline stocks grounded lately. </li> <li>Not even an upgrade could save Gap stock today.</li> <li>Plus, tech rotation fallout; a beauty stock with upside; and Microsoft's bull signal.</li> </ul> <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/summary-0718.jpg/query-c2Z2cnNuPWJmMGRhNTA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="537" height="262" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/summary-0718.jpg/query-c2Z2cnNuPWJmMGRhNTA2XzI"/> <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/nyse-nasdaq-0718.jpg/query-c2Z2cnNuPWJiMGRhNTA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="424" height="216" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/nyse-nasdaq-0718.jpg/query-c2Z2cnNuPWJiMGRhNTA2XzI"/> <h2>5 Things to Know Today </h2> <ol> <li>Federal Reserve's 'beige book' paints a bleak picture. (MarketWatch)</li> <li>European Central Bank (ECB) may not be done cutting interest rates. (Bloomberg)</li> <li>2 stocks impacted by the tech rotation.</li> <li>elf Beauty stock has contrarian potential. cx </li> <li>Time to buy the dip on Microsoft?</li> </ol> <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/earnings-july-18.png/query-c2Z2cnNuPWQ3MGRhNTA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="605" height="348" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/earnings-july-18.png/query-c2Z2cnNuPWQ3MGRhNTA2XzI"/> <img src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/uvol-0718.jpg/query-c2Z2cnNuPTZjMGRhNTA2XzI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="346" height="505" original-src="https://imageproxy.pbkrs.com/https://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2024/july/recap/uvol-0718.jpg/query-c2Z2cnNuPTZjMGRhNTA2XzI"/> <h2>Commodities Cool as Stock Selloff Takes Centerstage</h2> 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.</div>

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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.

Dow Runs Out of Steam, Joins Stock Selloff