Stocks Snap 4-Day Losing Streak; Nasdaq Posts Weekly Win

Stocks rallied on Friday, with the Dow adding 546 points on the heels of a red-hot U.S. jobs report and upbeat results from Apple (AAPL). Regional banks stocks also surged after J.P. Morgan Securities turned bullish on several names, pushing both the S&P 500 and Nasdaq higher as well. All three major indexes snapped four-day losing streaks, but the Nasdaq was the only one to notch a weekly win, though the blue-chip benchmark swung back into positive territory for the year.

Closing Index Summary May 52023

NYSE and Nasdaq Stats May 52023

Earnings May 52023

Unusual Options Activity May 52023


Oil prices settled higher on Friday, snapping a four-day losing streak after a strong jobs report for April. Black gold still shed a whopping 7.1% this week due to recession fears, making its third-straight in the red. June-dated crude added $2.78, or roughly 4.1%, to close at $71.34 per barrel on the day.

Gold prices moved in the opposite direction, settling lower after the aforementioned jobs report raised questions about the future of interest rate hikes. June-dated gold dropped $30.90, or 1.5%, to close at $2,024.80 an ounce on the day, but added 1.3% this week.

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