Wall Street struggled for direction for much of Tuesday, though two of the major benchmarks managed to snap a three-day losing streak. The Dow gave up a 500-point lead and turned negative at the session's halfway point. By the close, it looked like the blue-chip index would score a small win, but it ultimately shed 85 points in the final minutes of trading -- securing its fourth-straight loss. Meanwhile, the S&P 500 rose back above the 4,000 level, while the Nasdaq nabbed a triple-digit pop thanks to a retreat in the 10-year Treasury yield, which helped Big Tech roar back to life.

The Dow Jones Average (DJI - 32,160.74) shed 85 points, or 0.3% today. Intel (INTC) added 2.2% today, leading the list of component winners. IBM (IBM), meanwhile, paced the laggards with a 4% drop.

The S&P 500 Index (SPX - 4,001.05) added 9.8 points or 3.2% for the day. Meanwhile, the Nasdaq Composite (IXIC - 11,737.67) gained 114.4 points or 1% for the session.

Lastly, the Cboe Market Volatility Index (VIX - 32.99) lost 1.8 point or 5.1%.

GOLD FUTURES HIT LOWEST LEVEL IN 3 MONTHS

Oil prices plunged on Tuesday, as anxieties swirled concerning the global economic outlook and China's strict Covid-19 lockdowns. In fact, today's session saw June-dated crude lost $3.33, or 3.2%, to close at $99.76 per barrel, trading below $100 for the first time in nearly two weeks.

Gold futures also fell today, dropping to their lowest level since Feb. 10, after the U.S. dollar popped and put pressure on bullion. Specifically, June-dated gold shed $17.60, or 1%, to settle at $1,841.00 an ounce today.