The S&P 500 settled just below the 4,300 level today, closing at its highest mark and logging its longest weekly win streak since August 2022. The Dow marked a modest gain for the day and week, while the tech-heavy Nasdaq logged a seventh-straight weekly win -- its longest such streak since November 2019. Though the Cboe Volatility Index (VIX) managed to earn back some of today's losses, it earlier touched its lowest intraday mark since January 2021 and ended the week with a deficit of 6%.

OIL SLIPS ON DAY, WEEK

Crude futures turned in a roughly 2.2% weekly loss, following Saudi Arabia's decision to voluntary cut oil production in July. Black gold also fell for the session, weighed down by lackluster Chinese economic data. July-dated crude lost $1.12, or 1.6%, to close at $70.17 per barrel for the day.

Gold prices eked out a moderate weekly win, gaining 0.4% ahead of the Federal Reserve's policy meeting. For the session, however, August-dated gold lost $1.40, or roughly 0.1%, to close at $1,977.20 an ounce.

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