Today saw the S&P 500 and Nasdaq finish lower for both the day and week, with the latter dropping 398 points for the session, as investors rotated out of Big Tech. Both the Dow and small-cap Russell 2000 Index (RUT) hit record highs today before ultimately turning lower as well, though they each still managed to notch a third-straight weekly win. Monday will usher in the final full week of trading for 2025, with several big names on deck for earnings, as well as a slew of economic data.

CRUDE CONTINUES SLIDE AS OVERSUPPLY CONCERNS MOUNT

Russian-Ukraine peace deal buzz and oversupply worries pressured crude lower. January-dated West Texas Intermediate (WTI) crude fell 16 cents, or 0.3%, to close at $57.44 per barrel for the session and dropped more than 4% on the week..

Gold traders are taking profits today, sending the commodity to seven-week highs, while silver futures pared back some of its recent gains. February-dated gold rose 0.4% to $4,328.30 per ounce for the day and climbed 2.5% for the week.

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