Markets managed a swift comeback from Thursday’s steep Big Tech selloff, but all three major indexes still saw weekly losses. The first day of November ushered in triple-digit gains for both the blue-chip benchmark and Nasdaq, with the former climbing over 500 points at its session highs. The unemployment rate holding at 4.1% overshadowed the lower-than-expected nonfarm payrolls report. All eyes are now shifting to the U.S. Presidential Election on Tuesday, Nov. 5. 
Gold, Oil Settle With Weekly Losses
Tensions in the Middle East rose amid rumors that Iran is planning another airstrike on Israel, sending crude higher on the day. December-dated West Texas Intermediate (WTI) crude rose 29 cents, or 0.4%, to settle at $73.10 per barrel for the session. For the week, black gold fell 3.4%.Today’s jobs data combined with a rise in U.S. Treasury yields and greenback sent gold futures inching lower this afternoon. Gold for December delivery shed $4.40, or 0.2%, at $2,745 an ounce. The safe-haven asset finished the week off 0.4%. More By This Author:Stocks Start November Strong, Dow Surges 555 PointsDow, S&P 500 Log First Monthly Loss Since AprilBig Tech Earnings Trigger Stock Market Selloff
