After wavering on both sides of the aisle today, the Dow closed with a slim 25-point gain this afternoon. It was a losing week for all three indexes, with the S&P 500 and Nasdaq logging a third-straight weekly drop, as several bouts of domestic and international economic data markers drove investor sentiment lower. A few last-minute earnings trickled in as well, but the blue-chip index still clocked its worst week since March.
OIL SNAPS WEEKLY WIN STREAK
Crude prices snapped a seven-week win streak today, settling 2.3% lower for the time period. However, for the day, a lift in bond yields and the greenback managed to send September-dated oil up 86 cents, or 1.1%, to settle at $81.25 per barrel.
On the flip side, gold sliced its nine days of losses with an overdue gain, as the aforementioned Treasury yields continue to climb. December-dated gold added $1.30, or roughly 0.1%, to settle at $1,916.50 an ounce for the session, but fell 1.6% for the week.
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