Dow Wraps Holiday-Shortened Week With Daily, Weekly Wins

The Dow added another 153 points during Friday's holiday-shortened session, as end-of-year optimism blooms on Wall Street. The Federal Reserve's promising commentary this week helped boost sentiment, though China's Covid-19 restrictions are still something to monitor heading into 2023. The S&P 500 struggled for direction before eventually settling with a muted gain, while the Nasdaq spent the day in the red, logging a loss on Friday. All three indexes did notch comfortable weekly wins, however.  

The Dow Jones Industrial Average (DJI - 34,347.97) gained nearly 153 points or 0.5% for the day. Boeing (BA) paced the gainers with a 2% win. Apple (AAPL) led the laggards with a 2% loss. For the week, the index added 1.8%. 

The S&P 500 Index (SPX - 4,026.12) lost 1.1 points, or 0.03% for the day, while the Nasdaq Composite Index (IXIC - 11,226.36) shed 59 points or 0.5%. The former added 1.5% and the latter tacked on 0.7% for the week.

Lastly, the Cboe Volatility Index (VIX - 20.50) added 0.1 points, or 0.4% for the session, and lost 11.3% for the week.

closing summary Nov25

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Oil prices rose the day after Thanksgiving, though the commodity logged a weekly loss as anxieties over demand in China loom. The new front-month, January-dated crude shed 27 cents, or 0.5%, to trade at $78.31 per barrel. For the week, black gold lost 2%.

The U.S. dollar saw a rebound on Friday, making gold prices volatile. December-dated gold added $1 or roughly 0.1%, to settle at $1,746 an ounce.

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