Wall Street closed the week on a mixed note, with all eyes on the S&P 500 as it finally closed above the record-breaking 5,000 mark, following December's revised inflation reading and more earnings. The broader-market index and Nasdaq both logged their fifth-straight weekly win as well, while the Dow snapped a four-week win streak. In the backdrop, traders' "fear gauge," the Cboe Volatility Index (VIX), logged its worst weekly drop since the end of November. 

OIL PRICES SURGED THIS WEEK AFTER CEASEFIRE FAILS

Oil futures surged this week, after hopes for a ceasefire between Israel and Hamas were dashed. For the session, March-dated West Texas Intermediate Crude (WTI) added 62 cents, or 0.8%, to finish at $76.84 per barrel, and surged 6.3% for the week.

Higher bond yields pressured gold prices lower for the day and the week.April-dated gold lost $9.20, or 0.4%, to settle at $2,038.70 for the session, and shed 0.2% for the week.

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