S&P 500, Nasdaq Close at Record Highs

Gold prices settled at record highs

Deputy Editor
Mar 1, 2024 at 4:25 PM
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After a fourth consecutive month higher, all three major indexes moved even higher to finished the week. Fresh off yesterday's record close, the Nasdaq today added triple digits and hit a new record high to boot, while the S&P 500 scored a record close of its own, as both benchmarks secured a winning week. Though the Dow managed a respectable win today, the blue-chip index logged its third weekly loss of 2024. 

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

  • These are the 25 worst stocks to own this month.
  • Options bulls should consider this agriculture stock.
  • Plus, Powell's testimony; two tech earnings reports; and some March trading ideas.

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5 Things to Know Today

    1. General Electric (GE) set a date for the final split of the company. (MarketWatch)
    2. Former President Donald Trump's lawyers are pleading for a Florida federal court judge to schedule his criminal trial for after the presidential election. (CNBC)
    3. Next week's news includes more Fed updates.
    4. Why these 2 tech stocks were on investors' minds.
    5. The best SPX stock to own this month.

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    Gold Futures Settle at Record Highs

    Oil futures rose on Friday, as tensions in the oil-rich Middle East continued to weigh on investors' minds. For the session, April-dated West Texas Intermediate (WTI) rose $1.71, or 2.2%, to finish at $79.97 per barrel, and added 4.6% for the week.

    Gold futures settled at record highs after the greenback and Treasury yields fell. For the week, the most active contract added 2.6, and April-dated gold added $41, or 2%, to settle at $2,093.10 per ounce for the day.

     

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