Major Indexes Log 8th Straight Weekly Wins

Stocks were mixed Friday despite cooler-than-expected inflation data, with the Dow logging a modest loss after Nike’s (NKE) post-earnings drop weighed heavy. The S&P 500 and Nasdaq logged mediocre wins on the day, while for the week, all three indexes marked an eighth consecutive gain, with the SPX seeing its longest weekly win streak since 2017.indexesdec22nysedec22earningsdec22uvoldec22

Disruptions in the Red Sea helped oil futures to a weekly gain, despite a daily pullback for Friday’s session. West Texas Intermediate (WTI) crude for February delivery dropped 33 cents, or 0.5%, to settle at $73.56 a barrel. For the week, the commodity jumped 2.5%.The latest inflation reading and slipping Treasury yields sent gold surging for the day and week. February-dated gold futures added $17.80, or 0.9%, to settle at $2,069.10 per ounce on the day, and up 1.4% for the week.More By This Author:Dow Posts 322-Point Gain As Santa Claus Rally Resumes
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