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.
GROUP OF SEVEN MEET OVER RUSSIAN OIL'S PRICE CAP
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.
More By This Author:
Mild Fed Meeting Minutes Boost Stocks Ahead of Holiday
Stocks Spring Higher As "Fear Gauge" Sputters
Dow Rallies Nearly 400 Points As Optimism Returns To Wall Street
Comments
Log in or sign up to join the conversation.