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After back-to-back wins, the Dow cooled off with a triple-digit loss today. However, the S&P 500 and Nasdaq eked out their third-straight win, brushing off a lackluster semiconductor sector. Investors unpacked the latest batch of corporate earnings reports and looked ahead to January’s jobs data, due out tomorrow at 8:30 a.m. ET. Amidst this choppy backdrop, the Cboe Volatility Index (VIX) logged a third straight loss.
GOLD RECORD-SETTING RUN STALLS
Oil futures fell again, albeit slightly, even after Saudi Arabia raised crude prices on Asian buyers — implying strength in the region’s demand prospects. Instead, an uptick in last week’s U.S. supplies and uncertainty surrounding tariff weighed. March-dated West Texas Intermediate (WTI) crude shed 42 cents, or 0.6%, to settle at $70.61 per barrel.Gold’s record rally has officially come to an end, with the contract for February delivery last seen trading 0.5% lower at $2,877.90 an ounce.More By This Author:Dow Cools Off As Semiconductor Stocks Suffer Stocks Settle Higher, Shrug Off Tech WeaknessStocks Mixed As Tech Earnings Weigh On Nasdaq