Dow Logs Triple-Digit Pop, Nasdaq Snaps Weekly Losing Streak

Stocks started the Friday trading session on an upbeat note, bolstered by record-setting manufacturing data and yet another potential rebound for beaten-down tech. While the Dow maintained most of these gains, settling with a 123-point pop -- the Nasdaq dipped back below breakeven sometime in the early afternoon, and the S&P 500 turned red just before the closing bell. The tech-heavy index is the only one of the three to log a weekly win, snapping a four-week slump. The S&P 500 and Dow, on the other hand, both fell for the second week in a row. Meanwhile, bitcoin is getting bruised yet again, as many global leaders promise to crack down on cryptocurrency regulation. 

The Dow Jones Average (DJI - 34,207.84) added 123.7 points or 0.4% for the day. Boeing (BA) led the Dow components with a 3.2% rise, while Apple (AAPL) paced the laggards, falling 1.5%. For the week, the blue-chip index shed 0.5%. 

Meanwhile, the S&P 500 Index (SPX - 4,155.86dropped 3.3 points or a little under 0.1% for the day. The Nasdaq Composite (IXIC - 13,470.99sloughed off 64.8 points or 0.5% for the day. The former lost 0.4% this week, while the latter added 0.3%. 

Lastly, the Cboe Volatility Index (VIX - 20.15) fell 0.5 points or 2.5% for the day and added 7.1% on the week.






Oil prices settled higher on Friday, though they suffered a drop for the week. Boosting the liquid gold was news of a possible storm formation on the Gulf of Mexico, which could slash energy production and activity in the area. Progress on a restored nuclear deal with Iran did keep a lid on prices for most of the week, though. In turn, June-dated crude added $1.64, or 2.7%, to settle at $63.58 per barrel for the day, but lost 2.7% for the week. 

Inflation anxieties and a hardening U.S. dollar wound up sending gold prices lower on Friday, effectively snapping the precious metal's six-day win streak. The commodity did nab its third-weekly win, however. June-dated gold lost $5.20, or 0.3%, to settle at $1,876.70 an ounce on the day, but managed to rise 2.1% for the week. 

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