We provide the latest news
from the world of economics and financeThe Nasdaq and S&P 500 marked six-straight losses today, as well as their worst weekly performances since Nov. 2022 and Mar. 2023, respectively. Netflix (NFLX) and Nvidia's (NVDA) losses helped drag the Nasdaq to a 319-point daily deficit -- its largest net drop since January. The Dow managed a triple-digit win for the session, inching into the black for the week with just a 3-point weekly gain, while the S&P 500 marked its third-straight week in the red, and the Nasdaq its fourth.
Continue reading for more on today's market, including:
Following escalation in Middle East tension, oil finished with soft gains on the day, but still shed 2.9% for the week. May-dated West Texas Intermediate (WTI) rose 41 cents, or 0.5%, to settle at $83.14 a barrel for Friday.
Gold prices rose for a fifth-straight weekly rise. June-dated gold futures rose 0.7% higher to settle at $2,413.8 per ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.