Stocks closed the book on a dramatic week with a thud, as hotter-than-expected inflation data dinged investor sentiment. While the Dow eked out a marginal gain, the S&P 500 and Nasdaq finished lower. Elsewhere, Nvidia (NVDA) continued its sharp selloff, as trade hostilities with China reframe the controversy.
Despite the red ink today, all three major indexes finished with weekly wins -- the S&P 500 and Nasdaq's first in four weeks. Looking ahead, it's a pivotal week for tech, with Nvidia earnings and Anthropic's IPO on deck.
Commodities Log Weekly Losses
Oil prices were subdued today, but logged their second-straight weekly loss. December-dated West Texas Intermediate (WTI) shed 20 cents, or 0.2% close at $88.52. For the week, black gold fell 2.5%.
Gold prices bounced back today but fell for the week. December-dated gold futures added $1.30 or 0.6% to settle at $3,907.50 per ounce. For the week, the safe-haven asset dropped 4%.
Comments
Log in or sign up to join the conversation.