Stocks Snap 9-Week Win Streak To Start 2024

Wall Street clawed into the black in the final minutes of Friday's trading but still snapped its nine-week win streak to start the new year. Today's struggling market came in the wake of a red-hot jobs reading that sent bond yields higher, sending the 10-year note to briefly touch 4.1%. The VIX closed lower but still logged its best weekly gain since October. 

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OIL CONTINUES CLIMB FOR DAY, WEEK

Oil futures continue to benefit from tensions in the Middle East, as investors stress potential disruptions, should the Israel-Gaza conflict spread further. Today, West Texas Intermediate (WTI) crude for February delivery added $1.62, or 2.2%, to finish at $73.81 a barrel, and gained 4.9% for the week.

Gold futures were slightly lower Friday, after a stronger-than-expected U.S. nonfarms payrolls report put pressure on the precious metal. For the session, February-dated gold futures fell 20 cents to settle at $2,049.80 per ounce, and dropped 1.1% for the week.


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