The stock market closed early today ahead of the 4th of July holiday. As the close approached, markets pushed into the red with selling pressure mounting. The Dow 30 was lower by 132, the S&P 500 lost 13, and the Nasdaq 100 closed down on the day by 65.

Stocks were higher to start the day thanks to a spike in oil and a positive start for most stocks. Oil broke above $75 a barrel for the first time since 2014 as it continues to plow ahead. The energy sector as a whole (XLE  ) pushed higher on the day by just over a half a percent.

Investors are now looking forward to Friday, when the jobs numbers will be reported, as well as the official enactment of the Trump's $34 billion tariffs on China. It is widely expected that China will respond on Friday with retaliatory tariffs once our tariffs become official.

Micron Technology (MU  ) shares fell 6% late in the session as news came out that a Chinese court has temporarily banned the sale of Microns chips in China. Micron said that they had not been served with the documents referred to in the Bloomberg statement and will not be commenting further until they have the documents.

Facebook (FB  ) was lower on the day by 2.34% as the Washington Post reported that the company is facing a broader probe into its data sharing agreement with Cambridge Analytica. The news story completely erased all of yesterday's gains.

The stock market will be closed tomorrow for the Independence Day holiday here in the US. Normal trading hours will resume Thursday as scheduled.