The S&P 500 Nasdaq enjoyed their best week since May
Stocks have some momentum heading into December, with all three major indexes nabbing fifth-straight daily wins to end the holiday-shortened week. The Dow enjoyed its best week since June, while the S&P 500 and tech-heavy Nasdaq saw their best weekly performances since May. The blue-chip index and S&P 500 relied on this recent stability to sneak in wins for November -- their seventh-straight monthly wins -- but the Nasdaq finished the month in the red, marking its first monthly loss since March. Despite tech volatility, the Cboe Volatility Index (VIX) ultimately closed at a one-month low today.
Continue reading for more on today's market, including:
- GameStop stock should be back on your radar.
- Black Friday is here, and these two stocks are buzzing.
- Plus, SanDisk's debut; CME's outage; and sentiment signals to know.
There were no notable earnings reports today.
Commodities Join Stocks Higher
Oil prices edged higher on Friday. January-dated West Texas Intermediate (WTI) crude added 91 cents, or 1.9%, to settle at $59.56 per barrel. Black gold rose over 1% for the week, but marked a monthly loss of 2.4%.
Gold prices hit a two-week high to end the month. December-dated gold futures settled up 0.6% to $4,227.60 per ounce. The safe-haven asset gained 2.9% for the week and 4.6% for November.