Nasdaq Secures Fifth-Straight Weekly Win

strong jobs report once more sparked fears that the Federal Reserve may continue hiking interest rates. The anxiety sent the broader market lower for the day, though the Nasdaq and S& 500 Index both logged strong weekly wins -- the former its fifth straight thanks to an upbeat round of Big Tech earnings. The Dow, meanwhile, closed the week with a marginal loss.

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GOLD, OIL TURN IN WEEKLY LOSSES

Oil futures slid once again Friday, and logged a modest weekly loss. For the session, March-dated crude fell $2.49, or 3.3%, to settle at $73.39 per barrel, and turned in a 7.9% loss on the week.

Gold prices breached the psychologically significant 1,900 level Friday, after a better-than-expected monthly jobs report boosted Treasury yields and strengthened the U.S. dollar. April-dated gold lost $54.20, or 2.8%, to settle at $1,876.60 per ounce for the day -- their lowest level since Jan. 10. On the week, the safe-haven asset lost 2.7%.


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