Stocks Extend Weekly Rally to 7 Straight

The Dow logged another record close today

Deputy Editor
Dec 15, 2023 at 4:30 PM
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All three major indexes closed out a Fed-fueled week with their seventh-consecutive weekly wins, the Dow's longest streak of such nature since 2019 and the S&P 500's best streak since 2017. The Dow also added to its streak of record closes today, finishing the day strong alongside the Nasdaq, while the S&P 500 remained flat. Elsewhere, the smaller, tech-focused Nasdaq-100 Index (NDX) closed at record highs. 

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5 Things to Know Today

    1. Fed rate cuts could spark a rally in silver prices, which has underperformed gold this year. (MarketWatch)
    2. SpaceX is drawing criticism from environmental groups over the location of of a launchpad. (Bloomberg)
    3. 3 solar stocks in focus after brand-new "buy" ratings. 
    4. Lennar stock retreats from record highs after earnings. 
    5. Olive Garden parent slips despite upbeat results. 

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    Oil, Gold Post Weekly Wins

    Oil prices notched their first weekly gain in eight weeks with a 0.3% gain. For the day, West Texas Intermediate (WTI) crude for January delivery fell 15 cents, or 0.2%, to settle at $71.43 a barrel.

    Gold prices fell for the day, but still managed a weekly win.  February-dated gold futures rose $9.20, or 0.5%, to settled at $2,035.70 per ounce. 


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