Stocks stumbled out of the gate this week, selling off across the board. The Dow dropped 557 points to mark its third-straight loss, with Nvidia (NVDA) a notable tech laggard. The blue-chip index has now lost 1,664 points in the last three days. The S&P 500 and Nasdaq finished sharply lower as well, the former now also mired in a three-day skid, while Bitcoin's (BTC) precipitous fall soured risk-on sentiment for the latter. Against this backdrop, the Cboe Volatility Index (VIX) scored its highest close in just over a month.

GOLD ZAGS LOWER AS RATE CUT CONCERNS OVERSHADOW SELLOFF

Oil prices were mostly static today, as geopolitical tensions between Russia and Ukraine faced off with oversupply fears. December-dated West Texas Intermediate (WTI) crude lost 18 cents, or 0.3%, to settle at $59.91 per barrel.

Gold prices fell again, unable to capitalize on the selloff due to interest rate cut concerns looming. December-dated gold futures shed 0.5% to settle at $4,074.50 per ounce.

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