Wall Street Wraps Best Week Since Early April

Gold prices were about the only laggard this week on Wall Street

Emma Duncan

Managing Editor

May 16, 2025 at 4:25 PM

Stocks pared weaker-than-expected consumer sentiment data and a choppy morning to finish the week in the black across the board. The S&P 500 notched a fifth-straight win, and together with the Dow and Nasdaq, all three major indexes secured their best weekly gains since April 11. Driving stocks this week has been renewed trade hopes between the U.S. and China, a development that sent Wall Street's "fear gauge," the Cboe Volatility Index (VIX), to its lowest close since March 25.

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

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Plus, C-suite shakeup in pharma; a M&A to unpack; and a Memorial Day primer.

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Gold Logs Worst Week Since November

Crude managed to eke out a second-straight weekly win, finishing up more than 2%. For today, June-dated West Texas Intermediate (WTI) rose 87 cents, or 1.41%, to settle at $62.49 per barrel.

Gold suffered steep losses as it acclimated to thawed trade tensions. Logging its worst week since November, June-dated gold futures shed 1.2% to finish at $3,187.20 per ounce on the day and around 4.2% lower for the week.

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