Tech finally bounced back today, with the Nasdaq scoring a record close and toppling 20,000 for the first time ever. November's inflation data met expectations, which was all Big Tech needed to score outsized gains. The S&P 500 turned in a solid win of its own, while the Dow ultimately finished lower after trading on both sides of the aisle throughout the session. The blue-chip index is now stuck in a five-day skid. 

GOLD CHEERS BENIGN INFLATION DATA

Oil prices climbed above $70, boosted by tailwinds from China and potential U.S. sanctions against Russia. For the session, January-dated West Texas Intermediate (WTI) crude added $1.70, or 2.5%, to settle at $70.29 per barrel.

Gold prices stayed hot after the inflation data and reinforced rate-cut hopes. For the session, gold for December delivery added 1.4% to settle at $2,756.40 an ounce.

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