Dow Logs Best Weekly Performance Since March
Stocks ended the day mixed, with the blue-chip index the only winner, logging a fifth-straight gain. All three benchmarks logged impressive weekly wins, with the Dow snagging its best week since March. A strong start to the second-quarter earnings season was an upbeat omen for stocks, with inflation data boosting sentiment as well. The Cboe Volatility Index (VIX), or the market's "fear gauge," backpedaled more than 10% for the week.
GOLD LOGS BEST WEEK SINCE APRIL
Oil prices inched lower for Friday's session, but managed to log its longest weekly win streak since April. August-dated oil shed $1.47, or 1.9%, settle at $75.42 per barrel for the day, and added 2.1% for the week.
Inflation buzz sent gold futures to its best weekly performance since April 6. August-dated gold added 60 cents or just under 0.1%, to close at $1,964.40 an ounce on the day and 1.7% for the week.
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