The Dow bounced back from snapping its win streak on Friday, adding 176 points as it registered its 14th gain in 15 sessions. The blue-chip benchmark also marked its third-straight weekly win alongside the S&P 500, which settled higher as well. The Nasdaq notched a triple-digit gain and weekly win of its own, thanks to earnings and a softer-than-expected personal consumption expenditures price (PCE) index for June.
OIL SCORES 5TH-STRAIGHT WEEKLY WIN
Oil prices settled higher on Friday as fears of the global economy slowing down eased, which helped the commodity score a fifth-straight weekly gain. September-dated gold rose 49 cents to settle at $80.58 per barrel. For the week, oil prices added 4.6%.
Gold moved higher as the U.S. dollar took a breather on cooler-than-expected inflation data. August-dated gold rose $14.70, or 0.7%, to settle at $1,999.90 an ounce, but lost 0.3% this week.
More By This Author:
Dow, S&P 500 Eye 3rd-Straight Weekly Win
Triple-Digit Drop Denies Dow History
Will The Dow Make History Today With A 14 Straight?
Comments
Log in or sign up to join the conversation.