Stocks were volatile ahead of tomorrow's highly-anticipated consumer price index (CPI) reading, which traders will be watching for clues regarding the Fed's upcoming interest rate decision. The Dow pared a triple-digit loss but still settled slightly below breakeven, while both the S&P 500 and Nasdaq finished higher. A handful of Big Tech stocks were notably lower today, including chip giant Nvidia (NVDA), which finished the day down 2%.
OIL MOVES LOWER, GOLD HITS ANOTHER RECORD
Oil prices fell for the second day, after yesterday snapping their six-day win streak, as traders continue to monitor tensions in the Middle East. May-dated West Texas Intermediate (WTI) dropped $1.20, or 1.4%, to settle at $85.23 a barrel.
Gold extended its record-setting run today, with June-dated U.S. gold futures closing up 0.4% to $2,360.70 per ounce.
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