Stocks Snap Skids, Pick Up First Win Of 2025
Stocks picked up their first win of 2025 today, breaking various losing streaks in the process. The Dow added 339 points to halt a four-day skid, while the S&P 500 and Nasdaq each posted gains of 1% or more to snap five-day losing streaks. Tech stocks propped up Wall Street today, with Nvidia (NVDA) logging its best single-session gain since Nov. 19. Despite finishing Friday strong, all three major indexes still logged weekly losses.
WEEKLY WINS FOR COMMODITIES
Oil prices gained on promises of more stimulus growth in China. February-dated West Texas Intermediate (WTI) crude gained 83 cents, or 1.1%, to settle $73.96 per barrel. For the week, black gold added 4.8%.
Gold prices cooled off to end the week, weighed down by a resilient U.S. dollar. Gold for January delivered shed 0.5% to settle around $2,655.90 an ounce. For the week, the safe-haven asset added 1.1%.
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