Stocks Retreat Despite S&P 500, Nasdaq Records
It was a roller-coaster end to the trading week, fitting given the wobbly jobs report this morning. The Dow, S&P 500, and Nasdaq all spent time on both sides of the coin, but all ultimately finished in the red for the day, even if the latter two did score intraday record highs. The pullback today sent the major indexes into the red for the weekend as well, with the Dow logging its worst week since October. Elsewhere, the Cboe Volatility Index (VIX) logged its best week since Sept. 22.
OIL, GOLD GO IN OPPOSITE DIRECTIONS
Oil prices fell with the broader market today, as the jobs data weighed on the commodities market. April-dated West Texas Intermediate (WTI) crude shed 92 cents, or 1.2%, to finish at $78.01 per barrel. For the week, black gold fell 2.5%.
Gold prices finished the week in record territory, as the safe-haven asset swelled thanks to the unexpectantly-rising unemployment rate. April-dated gold added 0.9%, to settle at $2,185.50 per ounce. It was also gold's best week since October.
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