Markets Enjoy 4th Day Of Gains On Heels Of Jobs Data
The major indexes managed to eke out a fourth-straight daily gain. After a tumultuous monthly performance, investors head into the last day of August trading tomorrow, after spending most of today near breakeven and digesting several bouts of economic and jobs data. Chip stocks aided today's win, including Apple (AAPL) as it sent out invites to its Sept. 12 annual launch conference.
GOLD, OIL LOG NOTABLE DAILY WINS
Following a drop of 10.6 million barrels for last week's crude supplies and concerns surrounding the impact of Hurricane Idalia, oil saw a lift in prices. The now front-month, October delivery added 47 cents, or 0.6%, to settle at $81.63 per barrel, settling at a more than two-week high to log their fifth-straight win -- the longest streak since March.
Weakening bond yields and a lower U.S. dollar sent gold futures to their highest settlement since Aug. 4. December-dated gold added $7.90, or 0.4%, to settle at $1,973 an ounce.
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