Wall Street suffered severe losses as another tech selloff brought out the bears. The Nasdaq was the worst hit as major tech companies Apple, Facebook, Alphabet and Netflix continued to decline. Homebuilder confidence weakened slightly in June, according to the housing market index. The National Association of Home Builders said that builders remain frustrated over an "ongoing shortage of skilled labor and buildable lots." Nike Inc. weighed on the Dow after announcing widespread job cuts. The athletic wear company expects to lay off 2% of its global workforce, roughly 1,400 workers, as part of restructuring plans. Kroger Co. slumped after slashing earnings guidance for the full year. The grocery store chain also matched first-quarter profit estimates and beat on revenue.

The Nasdaq ended with losses for the third time this week as a selloff in tech stretched into another day. The Dow closed lower and snapped a two-day record-making streak. Energy also weighed on markets as crude ended under $45 for a second day in a row. Bob Evans Farms Inc. fell after exceeding analysts' estimates for earnings in its recent quarter but reporting sales that missed. Guidance for fiscal 2018 also fell short of estimates. Mattel Inc. declined again as analysts weighed in on the toymaker's decision to slash its quarterly dividend, lower second-quarter sales forecasts, and refrain from issuing annual guidance. Both D.A. Davidson and UBS downgraded the stock. Harley-Davidson Inc. rose after Citi analysts predicted June sales would increase "meaningfully." The firm bases its forecasts on recent dealer checks this month.

Stocks fluctuated on a sudden decline in crude oil prices. Trading was already jittery as investors awaited an afternoon announcement on interest rates from the Federal Reserve. The central bank is expected to introduce its second hike of the year. The Energy Information Administration reported a decline in oil inventories over the past week. Domestic crude oil inventories fell by 1.7 million barrels, not as steep as expected. Gasoline and distillates stocks both increased. H&R Block Inc. was higher following a better-than-expected quarter. The tax preparation firm also hiked its dividend by 9% to 24 cents a share. Hawaiian Holdings Inc. slumped after rival airline United announced plans to add more flights to the 50th state. Hawaiian was also lower after Stifel downgraded its rating to SELL from HOLD and lowered its price target.

Tech stocks took a sharp turn lower late this afternoon as a selloff of the sector's largest names resumed. Stocks had held closer to the flatline earlier before the Fed's announcement in the final hours of the session. The central bank opted to raise rates, as expected, and forecast another before the year is out. Members reiterated their confidence in the U.S. economy, even as recent data showed inflation trends softening. More than 2,000 employees will lose their jobs under the new media company Oath, a combination of Yahoo! and AOL. Cuts have been on the table since Verizon Communication Inc.'s purchase of Yahoo was competed earlier this week. Mattel Inc. was lower after cutting its quarterly dividend and warning of weaker second-quarter sales than anticipated. The toymaker also said it would not offer annual guidance.

A two-day selloff came to a quick end as markets rebounded back into record-breaking territory. The Dow Jones Industrial Average closed above previous record highs as tech stocks made a comeback. Foot Locker was downgraded to HOLD from BUY at Argus. The firm said Foot Locker had a "heavy reliance" on Nike products and pointed out those sales had recently softened. Goldman Sachs Group made a confident move higher in anticipation of a rate hike on Wednesday. Financials stocks, in general, have been buoyant ahead of that June meeting. Investors are confident the Fed will raise rates by 25 basis points. Facebook Inc. was the best performer of the FAANG stocks, which represent the social network as well as Amazon Inc. , Apple Inc. , Netflix Inc. and Alphabet Inc. . Facebook had fallen more than 4% over the previous two sessions.

A selloff in tech rolled over into day two, dragging the Nasdaq from record highs set last week and souring market mood. However, indexes had moved off of the day's lows by the middle of the session. Apple was one of the worst performers after getting hit with another downgrade. Mizuho downgraded to NEUTRAL from BUY, arguing that high expectations for the upcoming iPhone 8 had already been priced in. Amazon followed tech stocks lower even after Piper Jaffray reiterated an OVERWEIGHT rating and increased its price target by $150 to $1,200. Analyst Michael Olson says Amazon's retail growth in the second quarter is unlikely to slow down. Pandora fell after Oppenheimer downgraded to PERFORM from OUTPERFORM. Analysts said they believe the company's turnaround will take time.

It was another rough day for the Nasdaq, its second in a row, as a selloff in tech stocks resumed. The group has been under pressure since Goldman Sachs gave an unexpected warning on potential sector risks. FAANG stocks -- otherwise known as Facebook Inc. , Apple Inc. , Amazon Inc. , Netflix Inc. , and Alphabet Inc. -- took some of the largest losses, pulling back from recent highs. Those stocks have accounted for two-fifths of the S&P's gains this year. Retail was a bright spot, led by Ascena Retail Group . The parent of Lane Bryant and Ann Taylor rose after announcing plans to close or reduce rent at more than 650 locations as leases mature through to mid-2019. "Wonder Woman" dominated the weekend box office for the second week in a row. The film, produced by Time Warner Inc.'s Warner Bros. has earned $205 million in domestic ticket sales over its run.

All three major benchmark indexes traded at intraday records as Wall Street mostly shrugged off the U.K. elections and former FBI director James Comey's testimony. Markets were on track to secure fresh record closes. Pandora rose after John Malone's Liberty Media-controlled SiriusXM announced a $480 million dollar investment. SiriusXM had once been in talks to buy Pandora but the two disagreed on price. Zynga jumped after Morgan Stanley showed its support in an analyst note. The firm upped its rating to OVERWEIGHT from EQUAL WEIGHT and increased its price target. Morgan Stanley has grown bullish on the company's live services gaming. Verifone declined after swinging to a loss over its second quarter and guiding for below-consensus sales over its third. Adjusted Q2 earnings met estimates.

Wall Street seems less worried about potential charges or impeachment than last week. The written testimony from former FBI Director James Comey didn't sent stocks higher. Still, the uncertainty of today's events could lead to a more volatile day than usual. The British Pound is near a 2 week high ahead of the election in the United Kingdom. The snap election was called by British Prime Minister Theresa May with a focus on securing a mandate to take into the Brexit talks. The latest polls show May is ahead. A lawsuit was filed against Chipotle saying they don't pay their workers enough. Specifically, that the Mexican chain is not paying time and a half to employees who work more than 40 hours, as part of the new overtime rule. A Chipotle spokesperson says the company complies with the law.

Stocks moved cautiously higher as investors waited for direction from a number of market-churning events tomorrow. Top of that list is former FBI director James Comey's public testimony. He will testify on the investigation into the Trump campaign's alleged ties with Russia. Losses in crude oil picked up speed after a surprise increase in domestic crude stockpiles. Inventories rose for the first time in nine weeks, surprising analysts looking for a decrease. Novavax increased following positive results from a vaccine trial. The mid-stage clinical trial was for a maternal vaccination to prevent babies from suffering severe lower respiratory tract infections. Ambarella fell after issuing a disappointing forecast. The camera parts maker estimates current-quarter sales no higher than $72 million, missing consensus.