Stocks turned in steep losses for Tuesday's trading, as investor fears regarding the potential of a revived bank sector slide were prodded. First Republic Bank (FRC) reignited worries, after posting a 40% deposit drop in the first quarter. A slew of economic data reports and impending Big Tech earnings are also curating today's market buzz. 

GOLD CLOSES HIGHER AS FED FEARS LOOM

Recession fears and energy demand sent oil lower in today's session. May-dated crude dropped $1.69, or 2.1%, to close at $77.07 per barrel.

Commodity traders remained unsure toward the broader interest rate outlook from the Fed, sending gold higher for the day. June-dated gold added $4.70 or 0.2%, to settle at $2,004.50 an ounce.

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