The Dow and Nasdaq finished the day with triple digit pops, securing their largest weekly wins since early November as investors cheered a strong start to 2026. The S&P 500 also notched a weekly win, ending the day with a fresh record close.
Homebuilding stocks were big winners today, after President Trump ordered mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. Mortgage rates fell sharply to their lowest level in three years after the news.
OIL, GOLD MARK WEEKLY GAINS
Oil was in the spotlight plenty this week amid developments in Venezuela, with President Trump stating today that Big Oil would invest $100 billion in Venezuela as oil executives meet at the White House today. February-dated West Texas Intermediate (WTI) crude added 2.4% to settle at $59.12 a barrel for the day, it's highest settlement since early December. For the week, black gold tacked on 3.1%.
Geopolitical uncertainty pushed bullion higher this week. January-dated gold futures rose $40.60, or 0.91%, to settle at $4,490.30 on the day, adding 4.1% for the week.
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