Tech stocks finally showed some weakness today, as Nvidia (NVDA) weighed on the outperforming sector. The Nasdaq took triple digits off Friday’s record close, while the Dow clocked its third-straight triple-digit loss. The S&P 500 also finished lower, as profit taking gripped Wall Street. Against this backdrop, the Cboe Volatility Index (VIX) logged its best single-session gain since Nov. 15. 
COMMODITIES REACT TO CHINA CENTRAL BANK DEVELOPMENTS
Oil prices rose today, buoyed by both the toppling of Syrian President Bashar al-Assad’s regime, as well as China’s stimulus measures. The former could keep gains in check going forward though, if any additional instability occurs. For the session, January-dated West Texas Intermediate (WTI) crude added $1.17, or 1.7%, to settle at $68.37 per barrel.China’s renewed efforts to buy gold propped up the safe-haven asset today. For the session, gold for December delivery added 1.1% to settle at $2,688.40 an ounce.More By This Author:Nasdaq Pulls Back From Highs As Stocks Slip
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