Wall Street Walks Away With Another Weekly Win
Wall Street walked away from Friday's session with strong gains after earnings from the Magnificent Seven boosted sentiment across the board. The tech-heavy Nasdaq jumped 267 points, while the Dow also added triple digits, and the S&P 500 moved higher too. All three benchmarks inked their fourth-straight weekly wins, and 13th gain in 14 weeks.
OIL FUTURE FINISH FRIDAY AT 3-WEEK LOW
Oil futures closed at a three-week low on Friday, after reports surfaced that Qatari officials hinted at an imminent Israel-Hamas ceasefire. For the session, March-dated West Texas Intermediate Crude (WTI) fell $1.54, or 2.1%, to finish at $72.28 per barrel, and dropped 7.4% for the week.
The stronger-than-expected January jobs report helped the greenback and bond yields jump today, all of which pressure gold futures lower. April-dated gold erased $17.40, or 0.8%, to settle at $2,053.90 for the session. For the week, however, bullion added 0.5%.
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