Wall Street closed out a winning holiday-shortened week on a high note, with all three major indexes notching record highs. The Dow and S&P 500 continued on to record closes, though the S&P 500 pared gains after breaking above the 5,100 level for the first time earlier in the day, while the Nasdaq reversed course to settle the session lower as the monster response to Nvidia's (NVDA) earnings report wore off. 

OIL FUTURES LOG WEEKLY LOSS

Oil prices dropped for the day and posted a 1.9% weekly fall after hopes for the Federal Reserve's near-term interest rate cut hopes dwindled. For the session, April-dated West Texas Intermediate (WTI) crude lost $1.60 cents, or 2%, to finish at $77.01 per barrel.

Gold prices surged today, with April-dated gold adding $18.70, or 0.9%, to settle at $2,049.40 per ounce. The front-month contract added 0.5% this week, too, after the U.S. dollar softened following the Fed's interest-rate update.

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