The Dow managed a triple-digit win today
Wall Street was mixed Friday, but all three major benchmarks managed to close the holiday-shortened week with their fourth-straight weekly win. The Dow escaped today's sour sentiment, adding 117 points, while the S&P 500 and Nasdaq ended flat.
According to the latest survey from the American Association of Individual Investors (AAII), individual investor bullishness rose for a third week and hit a four-month high. Bearishness, meanwhile, hit a four-month low, while the Cboe Volatility Index (VIX) turned in its fifth consecutive weekly loss.
- EU like to approve Amazon's big acquisition.
- Expansion plans boost pharma stock.
- Plus, oil stock for bulls; Wall Street's rally; and next week's news.
5 Things to Know Today
- NFL's Black Friday game between the Miami Dolphins and New York Jets marks a major shift from traditional TV viewing. (CNBC)
- Hamas released the first batch of hostages, including 13 Israelis, amid a ceasefire deal that began Friday. (MarketWatch)
- It's time to bet on this oil stock.
- Behind Wall Street's rebound.
- What next week has in store.
There were no earnings of note today.
Due to shortened session, we are unable to provide the unusual options volume chart today. We apologize for the inconvenience.
Oil Readies for 1st Weekly Win in 5
Oil prices were last seen moving higher, as investors speculated on the likelihood that Organization of the Petroleum Exporting Countries and its Allies (OPEC+) would agree to further production cuts. At last glance, West Texas Intermediate (WTI) was down 74 cents, or 1%, at $76.36 a barrel, but on track for its first weekly rise in five.
Meanwhile, gold prices popped back above the $2,000 level, heading for their second consecutive weekly win as the greenback falls and investors bet on an end to the Fed's interest rate-hiking cycle. As of this writing, gold was up $8.10, or 0.4%, eyeing a close of $2,000.90 an ounce for the day.