Wall Street Walks Away With Another Weekly Win

Oil closed at a 3-week low

Deputy Editor
Feb 2, 2024 at 4:29 PM
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Wall Street walked away from Friday's session with strong gains after earnings from the Magnificent Seven boosted sentiment across the board. The tech-heavy Nasdaq jumped 267 points, while the Dow also added triple digits, and the S&P 500 moved higher too. All three benchmarks inked their fourth-straight weekly wins, and 13th gain in 14 weeks.

Continue reading for more on today's market, including:

  • Fintech stock sporting affordable premium right now.
  • Earnings pushed Amazon.com stock to 2-year highs.
  • Plus, this week's biggest stories; Apple stock's post-earnings options barrage; and META's new highs. 

closing summary feb2

nasdaq nyse feb2

5 Things to Know Today

    1. Big Tech firms are fighting for the title of the largest company in the U.S. (MarketWatch)
    2. Apple's (AAPL) Vision Pro virtual reality headset is officially on sale online and in Apple stores across the U.S. (CNBC
    3. Big Tech earnings and Fed moves rocked Wall Street.
    4. Options traders blitzed Apple stock after earnings.
    5. Meta Platforms stock surged to a new all-time high.

    Coroprate Earnings Feb 2

    UVOL February2

    Oil Future Finish Friday at 3-Week Low

    Oil futures closed at a three-week low on Friday, after reports surfaced that Qatari officials hinted at an imminent Israel-Hamas ceasefire. For the session, March-dated West Texas Intermediate Crude (WTI) fell $1.54, or 2.1%, to finish at $72.28 per barrel, and dropped 7.4% for the week. 

    The stronger-than-expected January jobs report helped the greenback and bond yields jump today, all of which pressure gold futures lower. April-dated gold erased $17.40, or 0.8%, to settle at $2,053.90 for the session. For the week, however, bullion added 0.5%.


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