Dow, Nasdaq Shed Triple Digits As Nvidia Weighs

Tech stocks finally showed some weakness today, as Nvidia (NVDA) weighed on the outperforming sector. The Nasdaq took triple digits off Friday's record close, while the Dow clocked its third-straight triple-digit loss. The S&P 500 also finished lower, as profit taking gripped Wall Street. Against this backdrop, the Cboe Volatility Index (VIX) logged its best single-session gain since Nov. 15. 

closing summary dec9

nyse nasdaq dec9

UVOL Dec9


COMMODITIES REACT TO CHINA CENTRAL BANK DEVELOPMENTS

Oil prices rose today, buoyed by both the toppling of Syrian President Bashar al-Assad's regime, as well as China's stimulus measures. The former could keep gains in check going forward though, if any additional instability occurs. For the session, January-dated West Texas Intermediate (WTI) crude added $1.17, or 1.7%, to settle at $68.37 per barrel.

China's renewed efforts to buy gold propped up the safe-haven asset today. For the session, gold for December delivery added 1.1% to settle at $2,688.40 an ounce.


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