A broader pullback in tech stocks pressured markets lower to start the last days of 2025 trading, as the sector succumbed to profit taking. The pivot lower is delaying what investors hoped would be a Santa Claus rally. Nvidia (NVDA), specifically, fell 1.2% after last week's rally. Commodity traders also raked in some end-of-the-year profits, with silver and gold prices retreating after an impressive record-breaking run last week. The Dow and Nasdaq both marked triple-digit losses, while the S&P 500 trailed closely behind.

OIL CLIMBS AS TENSIONS HEAT UP IN YEMEN

Oil prices moved higher amid tensions in Yemen and Ukraine-Russia peace deal hopes remained grim. January-dated West Texas Intermediate (WTI) crude tacked on $1.10, or 1.9%, to close at $57.84 per barrel.

Before making a sharp pivot lower of more than 7%, silver managed to tap a record price of $80 during overnight trading. Meanwhile, February-dated gold shed 4.4% to close at $4,352.40 per ounce, as profit taking took precedence. 

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