The S&P 500 and Nasdaq logged comfortable weekly wins
Stocks were choppy and volatile to close out a data-driven week, with all three major indexes paring steeper losses from the morning. The Dow failed to capture a daily or weekly win, and with a fourth-straight loss, is now mired in its worst losing streak since April. The tech-heavy Nasdaq secured wins for the day and week, thanks to a stretch of five consecutive record closes while the S&P 500 fell for the day but still logged a solid weekly win.
Continue reading for more on today's market, including:
- 'Buy' signal flashing for CrowdStrike stock.
- Inflation data circles mixed Wall Street week.
- Plus; ADBE an analyst favorite; Hasbro surges; and chip stock hits a new record.
5 Things to Know Today
- To aid in refuting "extremely bad actors" within OpenAI, retired Army Gen. Paul Nakasone was named as a member of its board of directors. (MarketWatch)
- Despite being banned in 18 states, the U.S. Supreme Court voted it is unlawful to ban "bump stocks," a piece used to make machine guns fire quicker. (CNBC)
- Analysts cheer Adobe earnings.
- Bull note sends Hasbro stock climbing.
- Fresh round of records for Arm stock.
Gold, Oil Sport Impressive Weekly Wins
Crude prices enjoyed both daily and weekly wins, recovering well after the Organization of the Petroleum Exporting Countries and allies (OPEC+) shared its output goals earlier this month. July-dated West Intermediate (WTI) crude rose five cents, or 0.1%, to close at $78.67 per barrel on the day and up 4.2% in the last week.
Gold futures are enjoying a string of easing economic data pressures, sending the commodity to its first weekly gain in a month. The most-active, August-dated gold closed up 1.4% near $2,334.70 an ounce on the day and up 1.9% for the week.