Dow, S&P 500 Log Longest Weekly Win Streaks Of 2024


Stocks finished the day higher, with the Nasdaq rising triple-digits for its third-straight daily gain with help from Netflix’s (NFLX) post-earnings pop. For the week, all three benchmarks notched their sixth consecutive weekly gains, marking the Dow and S&P 500’s longest weekly win streaks since December. Both benchmarks also continued their record runs, closing at all-time highs. Elsewhere, small caps outperformed for the week, with the Russell 2000 Index (RUT) carrying out a 1.9% weekly gain. closing summary oct18nyse nasdaq Oct18Earnings October 182024UVOL Oct18

OIL MARKS WORST WEEK IN OVER A YEAR
Despite yesterday’s brief respite, oil logged a steep loss for the day and week, as demand worries seem unshakable. November-dated West Texas Intermediate (WTI) crude shed $1.45, or 2.1%, to settle at $69.22 per barrel for the session, and 8.4% for the week — its largest weekly drop in over a year.On the flip side, gold managed to log a healthy weekly gain, climbing around 2.4% as election uncertainty and Middle East tensions continued. For the session, gold for December delivery has added 0.9% to trade at $2,732.40, at last check.More By This Author:Tech Sector Powering Nasdaq Once MoreDow Charges Higher Alongside Small CapsDow Pushes Higher As Tech Sector Slumps

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