The first full week of December ended with a lot of the same themes. Tech stayed hot, powering the Nasdaq to a 3% weekly win and fourth record close of the week. The Dow pared modest gains to finish lower for the session and week. The S&P 500 hit an intraday record high and snagged a weekly win, but finished only marginally higher on the day. November jobs data was solid enough to avoid panic, but still left the door open for the Fed later this month. Elsewhere, the Cboe Volatility Index (VIX) logged its third-straight weekly loss.
COMMODITIES LOG WEEKLY LOSSES
Oil prices fell again today, black gold still reeling from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decision to postpone production cuts. For the session, January-dated West Texas Intermediate (WTI) crude shed $1.10, or 1.6%, to settle at $67.20 per barrel. For the week, oil shed 1.2%. Gold prices gained, cautiously, on the heels of November’s solid yet unspectacular jobs data. For the session, gold for December delivery shed 0.3% to settle at $2,656.70 an ounce. The safe-haven asset fell for the week. More By This Author:S&P 500, Nasdaq Notch Record Highs, Head For Weekly WinsStocks Slip From Records As Crypto Steals The Show Wall Street Logs Record Closes As Tech Stays Hot
