Perfect 10: Dow On Best Streak Since August 2017
Make that two perfect weeks in a row for the Dow, a torrid 10-day run that hasn't occurred since August 2017. The blue-chip index has now added nearly 6% in the last two trading weeks alone. But it wasn't without drama; the Dow dipped into negative territory with one minute left in expiration week and finished only marginally higher. The S&P 500 and Nasdaq finished marginally higher and lower, respectively, with only the former securing a weekly win.
COMMODITIES SNAG WEEKLY WINS
Oil prices climbed, thanks to an optimistic eye on the second half of 2023. The new front-month September-dated oil added $1.42 cents, or 1.9%, to settle at $77.07 per barrel. For the week, black gold added 2.3%.
Gold fell for the day but eked out a gain for the week. August-dated gold shed $4.30, or 0.2%, to settle at $1,966.60 an ounce on the day. For the week, the safe-haven asset added 0.1%.
More By This Author:
Dow Looks to Extend Win Streak; Nasdaq Eyes Weekly Loss
Dow Logs Longest Win Streak Since 2017; SPX, Nasdaq Cool
Dow On Track For 9 Straight After Johnson & Johnson Earnings