Stocks were a mixed bag Friday. The Dow logged its seventh consecutive daily loss and , while the S&P 500 snapped a three-week winning streak. Elsewhere, the Nasdaq finished the week higher, the only index to do so thanks to Broadcom () crossing the .With inflation data in the rearview mirror, Wall Street turned its eyes towards the Federal Reserve’s upcoming interest rate decision. According to the CME FedWatch tool, there’s a 97% chance that the central bank will cut interest rates at its meeting next week.
OIL POSTS BIGGEST WEEKLY GAIN IN THREE WEEKS
Oil prices turned in a 5.7% weekly win, their largest weekly pop in three weeks despite a supply surplus forecast at the International Energy Agency (IEA). Black gold also climbed for the session, with February-dated West Texas Intermediate (WTI) crude adding 85 cents, or 1.6%, to settle at $71.11 per barrel.Gold prices fell Friday, but turned in a win on the week as investors anticipated the Fed’s interest rate cut next week. For the session, gold for December delivery lost 1.1% to settle at $2,678.50 an ounce, but popped 1% this week.More By This Author: