JPMorgan Weighs on Dow as Russell 2000 Hits Record High

Although the Dow fell triple digits for the session thanks to underperforming J.P. Morgan & Chase (JPM), it pared some losses as investors grew eager regarding tomorrow's interest rate decision. The small-cap Russell 2000 Index (RUT) jumped to an intraday record high ahead of the highly-anticipated event, while the S&P 500 and Nasdaq finished on either side of the aisle after muted trading. 

CME's Fed Watch tool is indicating an 87% chance of a rate cut to close out 2025. Meanwhile, investors unpacked another round of jobs data, with worker resignations hitting the lowest level in five years in October. 

Continue reading for more on today's market, including:

• What Bitcoin's major fumble could mean for crypto.
• Why Nvidia is shaking up the chip sector today.
• Plus, more chip names to watch; bad luck continues for TOL; and defense giant enjoys Army boost.

Silver Surges to All-Time Highs

Ukraine and Russia peace talks kept a lid on any potential gains for crude today. January-dated West Texas Intermediate (WTI) crude shed 63 cents, or 1.1%, to close at $58.25 per barrel.

Safe havens are seeing more Fed week attention, with gold climbing and silver slicing through the key $60 level. February-dated gold closed up 0.4% at $4,234.40 per ounce.