Wall Street was mixed Friday, but all three major benchmarks managed to close the holiday-shortened week with their fourth-straight weekly win. The Dow escaped today’s sour sentiment, adding 117 points, while the S&P 500 and Nasdaq ended flat.According to the latest survey from the American Association of Individual Investors (AAII), individual investor bullishness rose for a third week and hit a four-month high. Bearishness, meanwhile, hit a four-month low, while the Cboe Volatility Index (VIX) turned in its fifth consecutive weekly loss
OIL READIES FOR 1ST WEEKLY WIN IN 5
Oil prices were last seen moving higher, as investors speculated on the likelihood that Organization of the Petroleum Exporting Countries and its Allies (OPEC+) would agree to further production cuts. At last glance, West Texas Intermediate (WTI) was down 74 cents, or 1%, at $76.36 a barrel, but on track for its first weekly rise in five.Meanwhile, gold prices popped back above the $2,000 level, heading for their second consecutive weekly win as the greenback falls and investors bet on an end to the Fed’s interest rate-hiking cycle. As of this writing, gold was up $8.10, or 0.4%, eyeing a close of $2,000.90 an ounce for the day.More By This Author:Dow Sneaks In Triple-Digit Win Ahead Of Holiday Break
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