Sentiment certainly shifted from the beginning of the week, culminating in a massive selloff catalyzed by a hotter-than-expected core PCE reading. The Dow finished the day down 715 points, with pressure from tech in particular, while Wall Street's "fear gauge," the Cboe Volatility Index (VIX), surged 15.4%. 

All three major indexes finished with weekly losses after three consecutive days in the red. For the S&P 500 and Nasdaq, it was their fifth weekly losses in six weeks.

GOLD HITS MORE RECORDS

Oil prices eased today amid global trade policy concerns. May-dated West Texas Intermediate (WTI) crude fell 56 cents, or 0.9%, to $69.36 a barrel, but still added about 1.5% for the week.

Gold prices extended their record highs today as investors rushed to the safe-haven amid the broad-market selloff. U.S. gold futures settled 0.8% higher at $3,114.30, adding 2.8% for the week.

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