Shares completed the day larger, with the Nasdaq rising triple-digits for its third-straight day by day acquire with assist from Netflix’s (NFLX) post-earnings pop. For the week, all three benchmarks notched their sixth consecutive weekly beneficial properties, marking the Dow and S&P 500’s longest weekly win streaks since December. Each benchmarks additionally continued their file runs, closing at all-time highs. Elsewhere, small caps outperformed for the week, with the Russell 2000 Index (RUT) finishing up a 1.9% weekly acquire.
Proceed studying for extra on right this moment’s market, together with:
5 Issues to Know At this time
- Hopes for a cease-fire in Gaza have been ignited after Israel killed Hamas’ high chief on Wednesday. (Bloomberg)
- Automobile maker Stellantis (STLA) is constant in its course of to chop prices, subsequent with plans to promote land in Arizona. (CNBC)
- Streaming mum or dad loved a significant post-earnings pop.
- C-suite shakeup triggered drugstore inventory slide.
- Three retail shares with main contrarian potential.
Oil Marks Worst Week in Over a 12 months
Regardless of yesterday’s temporary respite, oil logged a steep loss for the day and week, as demand worries appear unshakable. November-dated West Texas Intermediate (WTI) crude shed $1.45, or 2.1%, to settle at $69.22 per barrel for the session, and eight.4% for the week — its largest weekly drop in over a yr.
On the flip aspect, gold managed to log a wholesome weekly acquire, climbing round 2.4% as election uncertainty and Center East tensions continued. For the session, gold for December supply has added 0.9% to commerce at $2,732.40, ultimately examine.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
