Stocks Score Daily, Weekly Wins As Bank Fears Subside

The Dow settled 132 points higher on Friday, impressively recovering from a triple-digit loss despite reignited bank sector fears following surging credit default swaps at Deutsche Bank (DB). The blue-chip index nabbed a weekly win alongside the S&P 500 and Nasdaq, both of which settled higher on the day as well. Elsewhere, the Cboe Volatility Index (VIX) had its worst week since March 18, 2022.

Indexes March 242023

nysenasdaq March 242023

Unusual Options Activity March 242023


Oil prices finished lower on Friday, as investors once again worried about the health of banking systems in both the U.S. and Europe. May-dated crude, which is now the most active contract, shed 70 cents, or 1%, to close at $69.26 per barrel on the day, but was 3.5% higher for the week. 

Gold prices settled lower as well, but still scored their fourth consecutive weekly gain despite failing to conquer the $2,000 level. April-dated gold fell $12.10, or 0.6%, to settle at $1,983.80 per ounce on the day. For the week, it gained 0.5%.

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