S&P 500 Secures 'Perfect Week' With 5th Record Close
The S&P 500 and Nasdaq notched more record highs today, the former rounding out a 'perfect week' with five-consecutive record closes. The Dow finished the day up 208 points, with all three major benchmarks marking solid weekly gains. Trade optimism is still boosting sentiment, as investors look ahead to next week's Fed decision, as well as another wave of corporate earnings reports.
Oil Posts 2nd Weekly Loss
Oil prices settled at a three-week low, as investors kept an eye on trade tensions. September-dated West Texas Intermediate (WTI) crude fell 87 cents, or 1.3%, to settle at $65.16 per barrel, losing 1.3% for the week for a back-to-back weekly loss.
Gold prices fell amid trade optimism. August-dated gold futures shed 0.8% to settle at $3,345.20, finishing the week 0.5% lower.
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