The S&P 500 and Dow both snapped their six-week win streaks, succumbing to this week’s pressure from rising Treasury yields, though the bond market has since cooled off. The blue-chip index closed 259 points lower, reversing its early-morning pop for its fifth-straight daily loss. The tech-heavy Nasdaq hit record highs today, however, notching a triple-digit gain and seventh consecutive weekly win — its longest streak since December.
Gold and Oil Post Daily, Weekly Wins
Crude has continued higher due to Middle East tensions, boosting black gold for the day and week. November-dated West Texas Intermediate (WTI) crude fell $1.59, or 2.3%, to settle at $71.78 per barrel for the session, and 4.5% higher on the week.Gold finished with gains today, a boost coming from upcoming election buzz. Gold for December delivery tacked on 0.7% to trade at $2,754.60 at last check. For the week, gold has tacked on around 0.6%.More By This Author:Nasdaq Up Triple Digits As Stocks Rally, Yields Cool
S&P 500, Nasdaq Bounce Back; Dow Slips Yet Again
Blue Chips Sitting Out Of Tesla-Fueled Tech Rally