The S&P 500 and Nasdaq suffered their worst weekly performances since Dec. 16
Without much to go on, the major benchmarks oscillated between gains and losses Friday. The S&P 500 closed with a fractional win, but hindered its two consecutive weeks of gains to log its worst since December. The Dow logged a triple-digit win, while the Nasdaq finished in the red, and both indexes also closed the week lower, with the latter also marking its worst week since Dec. 16.
Continue reading for more on today's market, including:
5 Things to Know Today
- Google's CEO is catching flack after rolling out Bard, with employees calling the effort "rushed," "botched," and "comically short sighted." (CNBC)
- The Chinese foreign ministry denounced U.S. efforts to ban Chinese citizens from buying stateside property. (Reuters)
- Bank stock falls on downgrade.
- Affirm's troubles continue after earnings
- The pros and cons of trading ETFs.
Oil Futures Notch Nearly 9% Weekly Rise
Oil futures recorded an 8.6% weekly win, with support coming as Russia's plans to cut oil output amid Western nations' price caps on the country's crude products. For the session, March-dated crude rose $1.66 cents, or 2.1%, to settle at $79.72 per barrel.
Gold prices, meanwhile, turned in a second-straight week of losses, pressured by a stronger U.S. dollar and rising Treasury yields. April-dated gold shed $4.00, or 0.2%, to settle at $1,874.50 per ounce today, and 0.1% for the week.