Stocks Reverse Losses, Dow Bags Another Weekly Win
Stocks pared steep losses today, closing out the holiday-shortened trading week strong. The Dow clocked a third consecutive weekly gain, while the S&P 500 and Nasdaq saw their weekly win streaks end at three. Even as investors fretted over lackluster jobs data, Wall Street's "fear gauge," the Cboe Volatility Index, logged its lowest close since Feb. 15
GOLD, OIL ADD TO WEEKLY WIN STREAKS
Oil managed to stay at $80 for another day, while also logging a third-straight weekly gain. For the session, May-dated crude added 9 cents, or 0.1%, to close at $80.70 per barrel on the day, and tacked on 6.7% for the week.
Gold settled lower for Thursday's session as investors leaned toward profit-taking, but managed to mark a sixth-straight weekly win. June-dated gold dropped $9.20 or almost 0.5%, to settle at $2,026.40 for the day and up 2% for the week.
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