Stocks managed to regain some traction ahead of tomorrow's conclusion of the Federal Reserve's two-day policy meeting, in which the CME FedWatch tool has pointed to a high probability of unchanged interest rates. The Dow eked out another healthy win, while the Nasdaq and S&P 500 worked to recover a large portion of yesterday's steep AI-triggered losses, which sent the pair to their worst daily drops since mid-December.
OIL, GOLD RECOVER FROM TECH-TRIGGERED PULLBACK
Crude futures finished in the black Tuesday, riding on the post-selloff recovery out of the tech sector. March-dated West Texas Intermediate (WTI) crude climbed 26 cents, or 0.3%, to settle at $73.43 per barrel.
Tariff buzz and recovering tech pushed gold higher for the session. The contract for February delivery added 1.3% to settle at $2,772,60 an ounce.
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