Wall Street walked away from Friday’s session with strong gains after earnings from boosted sentiment across the board. The tech-heavy Nasdaq jumped 267 points, while the Dow also added triple digits, and the S&P 500 moved higher too. All three benchmarks inked their fourth-straight weekly wins, and 13th gain in 14 weeks.
OIL FUTURE FINISH FRIDAY AT 3-WEEK LOW
Oil futures closed at a three-week low on Friday, after reports surfaced that Qatari officials hinted at an imminent Israel-Hamas ceasefire. For the session, March-dated West Texas Intermediate Crude (WTI) fell $1.54, or 2.1%, to finish at $72.28 per barrel, and dropped 7.4% for the week. The stronger-than-expected January jobs report helped the greenback and bond yields jump today, all of which pressure gold futures lower. April-dated gold erased $17.40, or 0.8%, to settle at $2,053.90 for the session. For the week, however, bullion added 0.5%.More By This Author:
Wall Street Walks Away With Another Weekly Win
