This week’s run higher for the major indexes was cut short, as all three benchmarks logged intraday losses to round out an otherwise winning week. Today’s drop snapped four-day win streaks across the board, driven by a pullback in previously outperforming Big Tech and chip makers. Amid the heavy focus on President Donald Trump’s return to the White House, the Dow, S&P 500, and Nasdaq each logged a second-straight weekly win.
Oil Marks First Weekly Drop in 5
Unable to catch up after a week of underperformance, crude prices marked their first weekly loss in five. President Trump continued to push for a crude output boost, though uncertainty remains around his energy policies. The now most-active, March-dated West Texas Intermediate (WTI) crude inched up 4 cents, or about 0.1%, to settle at $74.66 per barrel on the day. For the week, black gold shed 3.5%.On the flip side, gold charged into a fourth consecutive weekly rise, also grabbing a session win. Tariffs and a weakening dollar sent gold surging to within a chip-shot of another record peak. Gold for February delivery added 0.%5 to settle at $2,779.70 an ounce for the day, and around 0.8% higher for the week.More By This Author:Stocks Stymied Just Below Record HighsS&P, Dow Extend Win Streak On Trump Interest Rate RemarksS&P 500 Trying To Power Past Tech Weakness
