The major indexes snapped a three-day win streak today, as tech stocks struggled and the White House said that President Trump would announce new auto tariffs. The Nasdaq fell 372 points for its worst day since February, while the Dow and S&P 500 finished firmly in the red as well. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), snapped a five-day losing streak.

GOLD STAYS ABOVE $3,000

Oil prices edged higher on Wednesday amid lower U.S. crude inventories, as well as fears around tighter supplies after the U.S. threatened to place tariffs on countries that buy Venezuelan crude. May-dated West Texas Intermediate (WTI) crude rose 65 cents, or 0.9%, to close at $69.65 a barrel.

Gold prices inched lower today as the greenback and Treasury yields climbed, but the yellow-metal remained above $3,000 per ounce. U.S. gold futures settled 0.1% lower at $3,022.50.

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