Stocks managed to trim their losses this afternoon, with the Dow swinging into positive territory in the last hour of trading. The blue-chip index added nine points, but was off 460 points at session lows, after quarterly results from Boeing (BA) and Microsoft (MSFT). The latter's dismal guidance weighed on the tech sector, with the Nasdaq and S&P 500 both settling just below breakeven. Investors are also eyeing reports from Tesla (TSLA) and IBM (IBM) after the bell.

GOLD PRICES EXTEND WIN STREAK

Oil prices inched higher, despite the Energy Information Administration (EIA) reporting a 500,000-barrel increase in U.S. crude inventories for the week. March-dated crude added 2 cents to settle at $80.15 per barrel.

Gold prices settled higher as well to notch their fifth-straight daily win. Expectations that the Federal Reserve will have to slow the pace of rate hikes continued to blow tailwinds. February-dated gold rose $7.20, or roughly 0.4%, to settle at $1,942.60 per ounce.

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