S&P 500, Nasdaq Eke Out Another Win

The VIX marked its longest losing streak since 2015

Jake Scott

Deputy Editor

Nov 8, 2023 at 4:28 PM

Wall Street finished mixed Wednesday, after a deluge of positive corporate earnings reports rolled in. The S&P 500 and Nasdaq managed to extend their longest win streaks in roughly two years, while the Dow snapped its seven-day run with a modest loss. Elsewhere, the Cboe Volatility Index (VIX) logged its eighth consecutive loss -- its worst losing streak since October 2015.

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Oil Futures Tumble Amid Higher Inventories

Oil futures fell Wednesday, settling at their lowest mark since mid July after the American Petroleum Institute reported a massive increase in crude inventories for the week ended Nov. 3. December-dated West Texas Intermediate (WTI) crude dropped $2.04, or 2.6%, to close at $75.33 a barrel.

Gold prices also moved lower, with December-dated gold losing $15.70 to close at $1,957.80 an ounce for the day.

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