All three indexes finished lower for the third day in a row
After spending most of the day in the red, the Nasdaq and S&P 500 finished the day quietly lower, while the Dow settled off 94 points. All three indexes logged a third-straight daily drop, as tech struggled to recover Monday's losses. The Federal Open Market Committee's (FOMC) December meeting minutes were in focus, which showed a tight vote among members as to whether or not a rate cut should be administered. Tomorrow's trading will operate as normal, while markets will close for New Year's Day on Thursday.
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There were no earnings of note today.
Safe Havens Extend Whipsaw Price Action
Noise surrounding the Russia-Ukraine peace deal remained in focus, leaving crude prices mostly stagnant Tuesday. January-dated West Texas Intermediate (WTI) crude added 17 cents, or 0.3%, to close at $58.25 per barrel.
Silver's whipsaw price action continued, with the safe haven surging 7% after yesterday's drop. Meanwhile, February-dated gold moved into recovery mode as well, adding 1.9% to close at $4,394.30 per ounce.