The tech-heavy Nasdaq lost over 345 points and logged its worst day since October after Big Tech earnings failed to impress investors. The broader market S&P 500 also erased a significant amount and the Dow snapped its four-day win streak with a triple-digit loss, after the Fed kept interest rates unchanged and insisted it wasn't ready to make cuts anytime soon. On a monthly basis, all three major indices scored their third-straight win. Elsewhere, Wall Street's "fear gauge," the VIX, scored its second-highest close since mid-November.

OIL SCORES MONTHLY GAIN AFTER 3-MONTH DROUGHT

Oil futures marked a daily loss, pressured by gains in the U.S. crude and gasoline supplies, but the front-month contract still managed a 5.9% jump in January --- their first monthly gain since September. For the session, however, March-dated West Texas Intermediate Crude (WTI) lost $1.97, or 2.5%, to finish at $75.85 per barrel.

Despite the Fed's decision to leave interest rates unchanged, gold price still gained today. April-dated gold added $16.50, or 0.8%, to settle at at $2,067.40 for the session. However, bullion shed around 0.8% over the last month.

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