Stocks were a mixed bag to end the week, as Treasury yields continued their stubborn rise. The Nasdaq was the only index to post a weekly gain, paring earlier losses to finish confidently higher. The Dow, however, shed 95 points on its third straight weekly loss, while the S&P 500 was little changed for the session and dropped for the week.
Elsewhere, the small-cap Russell 2000 (RUT) finished lower for the second-straight week. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), extended yesterday's pullback to close under 15.
Middle East Strikes Spike Crude Prices
Oil traded lower for the third-straight day on the hope that supply could soon be restored through Saudi Arabia's damaged East-West Pipeline. West Texas Intermediate crude fell 1.6% to settle at $100.30 per barrel for the session, and 0.2% for the week.
Gold notched ts first weekly advance in a month after reaching a one-week high. Easing oil prices helped take some pressure off inflation concerns, though strength in the U.S. dollar kept a lid on the precious metal today. December-dated gold futures were last seen down 0.2% at $4,385.90. For the week the precious metal added 0.5%.
Comments
Log in or sign up to join the conversation.