Wall Street Inks First Weekly Win Of 2024
The major indexes in the were mixed on Friday, as investors digested a batch of corporate earnings reports and more inflation readings. However, the Dow, Nasdaq, and S&P 500 all finished higher on the week, after last Friday snapping a nine-week win streak. And despite the recent tumultuous trading, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged its worst weekly loss since late November.
OIL PRICES RISE AFTER U.S., U.K. RETALIATE IN MIDDLE EAST
Oil futures posted gains to close out the week. The rise in black gold followed news that the U.S. and U.K. attacked Houthi in Yemen in response to the rebel group's continue attacks in the Red Sea. For the session, West Texas Intermediate (WTI) crude for the February contract added 66 cents, or 0.9%, to finish at $72.68 per barrel, but fell 1.5% for the week.
Gold futures fell once again, pressured by today's inflation data that boosted the greenback and bond yields. In response, February-dated gold gained $32.40, or 1.6%, to close at $2,051.60 per ounce, and added 0.9% this week.
More By This Author:
Stocks Drift Lower Despite Looming Weekly Wins
Stock Stall After Semi-Hot Inflation Reading
Dow, Nasdaq Off Triple Digits As Fed Fatigue Sets In