Oracle's (ORCL) TikTok-induced rebound aided in a swift recovery for the broader market, with all three indexes logging healthy session wins to close out a tumultuous five days. Today's extended climb moved both the S&P 500 and Nasdaq back into the black for the week, while the Dow finished with a weekly loss despite managing to close back above the 48,000 level. 

GOLD EXTENDS GAINS, LOGS WEEKLY WIN

Oil futures are seeing gains after Ukraine hit an oil tanker connected to Russia’s shadow fleet in the Mediterranean Sea. January-dated West Texas Intermediate (WTI) crude added 51 cents, or 0.9%, to close at $56.66 per barrel for the day. The commodity still fell 1.5% for the week, however, after touching its lowest level in nearly five years earlier this week. 

It was another record high for silver futures today, while gold rode higher on the back of hopes for future rate cuts. February-dated gold settled up 0.4% to close at $4,380 per ounce for Friday, adding 0.9% for the week. 

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