The Dow surged 423 points on Friday, as strength in tech and healthcare stocks helped Wall Street rebound from yesterday's selloff. The blue-chip index has now nabbed six wins in the last seven trading sessions. The S&P 500 and Nasdaq finished comfortably higher today as well, with all three major indexes notching weekly wins --a fourth straight for the Nasdaq.
Stocks gained momentum after President Donald Trump announced that Russia had agreed to supply diesel to the U.S. and global markets, sending oil prices slightly lower. Heading into earnings season, the Cboe Volatility Index (VIX) closed below 15 for the first time since Sept. 22.
Gold Snaps 2-Week Losing Streak
Oil prices closed slightly higher after falling earlier in the session. November-dated West Texas Intermediate (WTI) futures rose 0.4% to settle $91.85 per barrel for a 0.8% weekly gain.
Gold prices rose as investors picked up the safe-haven asset following this week's two-month lows. December-dated gold futures rose 1.4% to $4,216.3 per ounce, snapping a two-week losing streak with a 1.3% weekly gain.
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