Stocks came off their session lows as amid a potential end to the government shutdown
While all three major indexes logged weekly losses of 1% or more, the Dow and S&P 500 bounced off their session lows to finish Friday just above breakeven. Driving the late-week rally was optimism of the government shutdown ending, after Senate Democrat Chuck Schumer proposed a plan to Republican lawmakers that would reopen the government, though it was eventually rejected. The Nasdaq remained red, however, suffering its worst week since April as AI stocks continued to course correct and consumer sentiment data disappointed.
Continue reading for more on today's market, including:
- Struggling crypto stock breaches key trendline.
- Cruise stock ready to rally after earnings flop.
- Plus, fintech earnings impress; more trouble for GTA VI; and a survey to fill out.
Gold Moves Back to its Winning Ways
Oil prices finished in the black today, after OPEC+ indicated it would pause the unwinding of cuts to start 2026. December-dated West Texas Intermediate (WTI) crude added 32 cents or 0.5%, to settle at $59.75 per barrel. For the week, oil shed 2%, as excess supply worries persisted.
Gold prices returned to the winners column today and the greenback quieted. December-dated gold futures finished up 0.6% to settle at $4,013.10 an ounce. For the week, the safe-haven asset slid 0.03%.