The Dow secured a third-straight record close on Tuesday, while the S&P 500 and Nasdaq tumbled on the heels of lackluster retail sales data for December. The financial sector was also under pressure, after Altruist launched its new AI tax planning tool. Wall Street is now shifting attention to the delayed jobs report for January, which is due out tomorrow. Elsewhere, the Cboe Volatility Index (VIX) saw its first gain in three sessions.
Oil Prices Move Lower; U.S.-Iran Tensions in Focus
Oil prices moved lower on Tuesday, with traders keeping an eye on U.S.-Iran tensions and economic data. March-dated West Texas Intermediate (WTI) crude shed 37 cents, or 0.6%, to settle $63.99 a barrel.
Gold prices also fell, with Wall Street anxiously awaiting tomorrow's release of nonfarm payrolls data for January. April-dated gold futures dropped 0.7% to settle at $5,045.30per ounce.
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