Dow Leads the Pack, Logs Best Week of 2024

The blue-chip index scored its fourth-straight weekly win

Deputy Editor
May 10, 2024 at 4:26 PM
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The Dow stayed hot to close out the week, adding 125 points for an eighth-straight win -- its best winning streak since July. The S&P 500 logged a more modest win while the Nasdaq finished just below breakeven.

For the week, all three benchmarks settled higher, the blue-chip index logging its fourth-straight weekly win and best performance since Dec. 1. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) turned in its third consecutive week in the red.

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

  • Analyst shifts sentiment on 3M stock.
  • Vaccine stock bounces after big deal.
  • Plus, streaming stock to buy; cybersecurity stock flash sale; and the Dow's wild week.

Closing Indexes Summary May 10

NYSE and Nasdaq Stats May 102024

5 Things to Know Today

  1. A top economic advisor to U.S. President Joe Biden is calling for higher taxes on the ultra-wealthy and corporations. (CNBC)
  2. Wheat production in Russia is at risk amid colder weather. (MarketWatch)
  3. Streaming stock for options bulls.
  4. Target this cybersecurity stock right now.
  5. Revisiting the Dow's monumental week.

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Unusual Options Activity May 102024

Oil, Gold Prices Post Weekly Gains

Oil prices added 0.2% this week, but ended Friday lower as investors weighed supply and demand worries amid ongoing tensions in the Middle East. For the session, June-dated West Texas Intermediate (WTI) crude shed $1.00, or 1.3%, at $78.26 a barrel.

Gold prices settled at a three-week high, as an interest-rate cut looked more likely to happen before the end of the year. June-dated gold futures added $34.70, or 1.5, to trade at $2,375 per ounce today, and gained 2.9% this week.  

 

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