The Dow, Nasdaq, and S&P 500 today marked their best week of 2023 after all three major benchmarks extended their respective rallies on the heels of softer-than-expected jobs data. The Dow and S&P 500 marked a fifth-straight daily win -- the latter's longest since June -- while the Nasdaq saw its sixth consecutive gain. Tumbling Treasury yields also contributed to today's rally, with investors now hoping interest rate hikes will be a thing of the past

OIL LOGS STEEP DAILY, WEEKLY LOSSES

Oil prices settled with weekly and daily losses, with investors concerned about demand after softer U.S. economic data. December-dated West Texas Intermediate (WTI) crude lost $1.95, or 2.4%, to close at $80.51 a barrel on the day, and shed a 5.9% this week.

Meanwhile, gold prices were higher today, as the U.S. dollar weakened and Treasury yields fell following jobs data. December-dated gold added $5.70, or 0.3%, to close at $1,999.20 an ounce for the day, and fell 0.31% for the week.

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