Nasdaq sole riser at close, extends gains for 7th week
US stock indices showed mixed performance on Friday, Oct. 26, as markets await more labor market and inflation data next week, coinciding with the announcement of quarterly earnings by major technology companies.
The Dow Jones Industrial Average edged down 0.6%, or 259 points, to settle at 42,114 points. The index ended a six-week winning streak, losing 2.7% during the week.
Meanwhile, the S&P 500 index remained unchanged at 5,808 points, snapping a six-week gains. The index shed 0.95% during the week.
The Nasdaq Composite Index moved up 0.55%, or 103 points, to 18,518. The index boosted its gains for the seventh straight week, recording a weekly rise of 0.15%.
As for European markets, the STOXX Europe kept flat at 518.8 points, but posted a weekly loss of 1.2%.
The FTSE index was up 0.25% down to 8,248 points. The CAC 40 index edged lower 0.1% to 7,497 points. Germany’s DAX index also added 0.1% to 19,463 points.
The Nikkei index eased 0.6% to 37,913 points, with the broader Topix index shedding 0.65% to 2,618 points. Both indices recorded weekly drops of 2.75% and 2.65%, respectively.
In the oil market, the prices of Brent crude futures for December delivery rose by 2.25%, or $1.67, to $76.05 a barrel, achieving weekly gains of 4.1%.
Meanwhile, the prices of US WTI crude futures for December delivery—the most active contract—increased by 2.25%, or $1.59, to $71.78 a barrel, rising by 4.5% since the beginning of the week.
As for gold, the December futures prices rose by 0.2%, or $5.7, to $2,754.60 per ounce, marking the third consecutive week of gains for the precious metal, with a 0.9% gain this week.
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