Blue-Chip Index Secures Modest Weekly Win
Wall Street closed lower for the session, as investors await the Federal Reserve's next policy meeting. Despite tumbling nearly 300 points at the end of day, the Dow escaped with a meager weekly gain. Meanwhile, the Nasdaq and S&P 500 both walked away with losses on the week.
OIL PRICES RISE NEARLY 4% ON THE WEEK
Oil futures closed the week higher, marking another finish at their highest level since November. Crude for October delivery added 61 cents, or 0.7%, to settle at $90.77 per barrel for the day, and rose 3.7% for the week.
Gold prices eked out a gain Friday, settling 0.2% higher for the week. December-dated gold gained $13.40, or less than 0.7%, to settle at $1,946.20 an ounce for the day, as the dollar drops off.
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