Although the Dow fell triple digits for the session thanks to underperforming J.P. Morgan & Chase (JPM), it pared some losses as investors grew eager regarding tomorrow's interest rate decision. The small-cap Russell 2000 Index (RUT) jumped to an intraday record high ahead of the highly-anticipated event, while the S&P 500 and Nasdaq finished on either side of the aisle after muted trading. 

CME's Fed Watch tool is indicating an 87% chance of a rate cut to close out 2025. Meanwhile, investors unpacked another round of jobs data, with worker resignations hitting the lowest level in five years in October. 

SILVER SURGES TO ALL-TIME HIGHS

Ukraine and Russia peace talks kept a lid on any potential gains for crude today. January-dated West Texas Intermediate (WTI) crude shed 63 cents, or 1.1%, to close at $58.25 per barrel.

Safe havens are seeing more Fed week attention, with gold climbing and silver slicing through the key $60 level. February-dated gold closed up 0.4% at $4,234.40 per ounce.

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