In a sharp reversal, the Dow pulled back from record highs on Tuesday to settle more than 150 points lower, despite Walmart (WMT) crossing the $1 trillion market cap threshold. The S&P 500 finished firmly in the red as well, while the Nasdaq dropped 336 points as investors rotated out of tech. Bitcoin (BTC) extended its recent losses, falling below $73,000 for the first time since November 2024. Elsewhere, the House of Representatives passed a bill that could end the partial government shutdown that has been in effect since Saturday, with President Trump stating he will sign it immediately.

GOLD, SILVER PRICES MAKING A COMEBACK

Oil prices surge on Tuesday, following news that the U.S. struck down an Iranian drone after it approached a U.S. aircraft carrier in the Strait of Hormuz. Investors are concerned the strike could heighten U.S.-Iran tensions. March-dated West Texas Intermediate (WTI) crude shed $1.07, or a whopping 1.7%, to at $63.21 a barrel.

Gold prices bounced back after suffering steep losses over the last few days, with silver also rebounding. February-dated gold futures rose 6.4% to settle at roughly $4,949 per ounce.

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