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Time for the Yahoo Finance Market Minute.
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Tech stocks are weighing on the major averages as traders kick off the final trading week of this year.
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In the commodities market, both gold and silver are plunging after hitting record highs.
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Gold saw its biggest intraday drop since October, while silver posted its largest same day decline since September of 2020.
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Meanwhile, oil is gaining as investors monitor the latest on the geopolitical front.
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US-led talks to end Russia’s war in Ukraine failed to yield a breakthrough,
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but the White House did announce President Trump held a call with Russia’s Putin to discuss the war,
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saying the two leaders concluded a positive call.
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And Softbank will buy private equity firm Digital Bridge for $4 billion in an effort to invest in data centers and other digital infrastructure fueling the AI boom.
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Digital Bridge is one of the biggest investment firms focused on digital infrastructure with about $108 billion of assets under management.
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And that’s your Yahoo Finance Market Minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.