Broader Markets Close Mixed After Winning Week
Wall Street ran out of steam during Friday's trading, with the S&P 500 finishing just below breakeven, snapping a six-day win streak and a handful of record closes. Intel (INTC) and the tech sector sent the Nasdaq into the red as well, while the Dow walked away the only winner, eking out a modest 60-point gain. For the week, all three indexes managed healthy gains, with SPX jumping 1%.
OIL LOGS BEST WEEK SINCE SEPTEMBER
Following a weeks' worth of upbeat economic data and news, oil futures jumped on the day and week. For the session, March-dated West Texas Intermediate Crude (WTI) climbed 65 cents, or 0.8%, to finish at $78.01 a barrel. For the week, oil enjoyed a 4.3% lift, its best such performance since September.
Gold prices fell today as all eyes remain on next week's Federal Reserve meeting. The now most-active April-dated gold shed 70 cents or 0.9%, to settle at at $2,036.10 for the session, and is off 0.3% for the week.
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