Wall Street enjoyed healthy gains to close out both the day and week. The Dow and S&P 500 each marked a fresh round of record highs, while both indexes and the Nasdaq all ticked off a fifth consecutive weekly win.Meanwhile, Wall Street’s “fear gauge,” the Cboe Volatility Index (VIX) clung to just above 20 for the fifth-straight day, despite posting a loss for the session. Next week will host earnings season in full swing, with more banks and blue chips on the docket, such as Goldman Sachs (GS) and Johnson & Johnson (JNJ).
OIL, GOLD POST COMFORTABLE WEEKLY WINS
Despite the continued weight of Middle East tensions pushing crude to a loss for the session, oil grabbed a second-straight weekly gain. November-dated West Texas Intermediate (WTI) crude fell 29 cents, or 0.4%, to settle at $75.56 per barrel for the day, but rose 1.6% for the week.This week’s slew of Fed buzz and economic data sent gold futures sent gold higher for the day and week. Gold for December delivery added 1.3% to trade at $2,674.40, at last glance this afternoon, and for the week climbed around 0.4%.More By This Author:Dow Powered By Blue-Chip Bank BreakoutDow, S&P 500 Give Back Record Highs As VIX Holds 20Stocks Retreat As Rate Cut Future Weighs
