The Dow was able to pare some of its midday losses and close with a triple-digit pop, though it still turned in its third-straight weekly loss. The S&P 500 settled with its second-straight weekly loss, while the Nasdaq managed a modest win for the week. High inflation and rising rates were all the rage on Wall Street today, with Treasury yields hitting their highest level in three months.
GOLD FUTURES FALL FOR THIRD-STRAIGHT WEEK
Oil futures fell 4.2% for the week, amid ample supply and growing concerns around global growth. For the day, March-dated crude shed $2.15, or 2.7%, to finish at $76.34 a barrel.
Gold futures fell for a third-straight week, briefly touching their lowest level of 2023 on Friday after the U.S. dollar gained strength. April-dated gold fell $1.60, or 0.1%, to settle at $1,850.20 per ounce for the session, and shed 1.3% for the week.
More By This Author:
Dow Down Triple Digits, Eyeing Third-Straight Weekly Loss5 Reasons To Steer Clear From Walgreens Stock
Stocks Fall As Wall Street Digests Inflation, Jobs Data
Comments
Log in or sign up to join the conversation.