Following The Consumer Price Index (CPI) report, tech stocks began spiraling while commodities like gold soared new all time highs.

Nvidia, Amazon, Meta, Microsoft, and Google all took a dive of over 2% following the cooler than expected inflation report. The ES and NQ also retreated from their record highs set earlier week.

Gold, on the other hand, had a good rally. Prices soared $42.20, or 1.8%, to settle at $2,421.90 an ounce – Gold was at a daily high of $2,430.40.

Indices were near record highs earlier this week, tomorrow will be a waiting game if they finish out the week in the red or in positive territory.

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