Wall Street is extending Friday's losses into the holiday-shortened week, with all three major indexes marking steep daily drops. The tech-heavy Nasdaq shed triple digits, while the Dow and S&P 500 finished firmly in the red. Profit-taking gripped the Magnificent Seven today, as investors reevaluate the sector and all eyes turn to Nvidia's (NVDA) corporate report due out tomorrow morning. 

GOLD GRIPS WEEKLY HIGH AHEAD OF FED MINUTES

Oil prices pulled back from recent three-month highs as the Israel-Hamas conflict continues to trigger production worry. For the session, April-dated West Texas Intermediate Crude (WTI) shed $1.01, or 1.3%, to finish at $78.18 per barrel

Gold is enjoying gains, earlier hitting a weekly high as the U.S. dollar pulls back and investors await tomorrow's Fed minutes. April-dated gold added $15.70, or 0.8%, to settle at $2,039.80 for the session.

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