Blue Chips, S&P 500 Reach Key Milestones

Stocks finished a volatile and monumentally-important week with a flourish today. Thanks to outsized gains today, the Dow and S&P 500 notched their best weekly performances since November 2023. The former crossed above 44,000 for the first time ever, and the latter notched a third-straight record close while briefly surpassing 6,000 for the first time ever. 

The tech-heavy Nasdaq logged a record close of its own and turned in its best weekly performance since September 13. Not to be outdone, the small-cap Russell 2000 Index (RUT) had its best weekly gain since April 2020, adding 8.4%. Against this backdrop, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) clocked its lowest close since Aug. 19. 

Closing Indexes Summary Nov 8

NYSE and Nasdaq Stats Nov 8

Corporate Earnings Nov 8

Unusual Options Activity Nov 8


Gold Poised for Steep Weekly Loss; Oil Brushes off China Stimulus

Oil futures edged lower Friday, as President-elect Trump's call for more U.S. production overshadowed China's new stimulus measures and their impact on energy demand expectation. For the session, December-dated West Texas Intermediate (WTI) crude shed $1.98 cents, or 2.7%, to settle at $70.38 a barrel, but the front-month contract rose 1.3% this week. 

Gold prices also tumbled today, heading for their biggest weekly fall in more than five months amid a strong dollar. Traders also weighed the implications for bullion following Trump's victory and the future of interest rate moves. Gold futures settled 0.3% lower at $2,697.90.


More By This Author:

Dow, S&P 500 Eye Best Week Since November 2023
Stocks Snag More Records; Fed Cuts Rates
Dow Gains More Than 1,500 Points After Trump Victory

The posts on this blog are opinions, not advice. Please read our Disclaimers.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with