Wall Street finished strong today, closing out Friday with daily and weekly wins. Treasury yields steadied as the Dow surged 391 points for its highest close since Sept. 20. The S&P 500 and Nasdaq also closed at their highest levels since Sept. 19 and Sept. 14, respectively, with all three major indexes logging their second straight weekly win as well. The Cboe Volatility Index (VIX), however, clocked its third consecutive weekly drop, sinking nearly 5%.

GOLD, OIL SUFFER STEEP WEEKLY DROPS

Triggered by a fear of a misalignment in crude supply and demand, oil logged its third-straight weekly loss, backpedaling 4.2%. For the day, however, December-dated West Texas Intermediate (WTI) crude added $1.43, or 1.9%, to close at $77.17 a barrel.

Gold logged its first weekly drop since early last month, taking cues from yesterday's hawkish Fed stance. December-dated gold fell $32.10, or 1.6%, to close at $1,937.70 an ounce for the day, and 3.1% on the week.

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