The Dow edged higher Thursday, reversing some of its early 2024 losses in the wake of optimistic jobs data. Meanwhile, the S&P 500 closed near breakeven, as the Nasdaq posted a fifth-consecutive loss — its longest such streak since October 2022 — amid uncertainty concerning the Fed’s future interest rate moves.
GOLD PRICES RISE FROM 2-WEEK LOWS
Oil futures finished Thursday lower, after U.S. data showed a weekly rise in domestic gasoline and distillate supplies. For the session, West Texas Intermediate (WTI) crude for February delivery erased 51 cents, or 0.7%, to finish at $72.19 a barrel.Gold prices ran higher, after the U.S. dollar pulled back slightly following today’s jobs data. February-dated gold futures rebounded from two-week lows after adding $7.20, or 0.4% to settle at $2,050 per ounce.More By This Author:Stocks Edge Higher, Nasdaq Looks To Snap Skid
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