Upbeat retail sales data for July and a UnitedHealth Group (UNH) stock rally pushed the Dow to a record intraday high, with all three major indexes scoring their second-consecutive weekly wins. Though the blue-chip index settled modestly higher, the S&P 500 and Nasdaq struggled, finishing below breakeven as chip stocks weighed. The former still scored a record high before its drop, however. 

OIL, GOLD SUFFER NOTABLE WEEKLY DROPS

Moscow sanctions and the war against Ukraine are among the chief subjects for today's meeting between President Donald Trump and Russian President Vladimir Putin, which is underway in Alaska. In response, September-dated West Texas Intermediate (WTI) lost 75 cents, or 1.2%, to settle at $63.21 on the day. For the week, black gold shed 0.7%.

Gold futures were flat today as the U.S. dollar eased and investors continued to digest hotter-than-expected inflation data. August-dated gold futures settled flat, at $3,382.60 per ounce for the session, and lost 0.6% over the past week.

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