Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Wall Street experienced a relatively quiet session as the week came to a close, with the three major averages hovering around parity in midday trading in New York, yet still on course for their third successive week of gains.
Small caps emerged as the market’s brightest pocket, with the Russell 2000 climbing 1.3% Friday and achieving a weekly increase of over 5%, its second-best performance of the year.
Mega-cap stocks, as tracked by the iShares S&P 100 ETF (NYSE:OEF), were flat for the day.
The dollar’s weakening trend persisted, marking its most challenging week since early July. Traders have now fully priced in the Federal Reserve maintaining rates unchanged next month, with an expectation of four rate cuts in the upcoming year.
Treasury yields flattened, with the two-year yield up by 6 basis points and the 30-year yield down by 3 basis points. The widely-followed iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is on track for its fourth consecutive week of gains, the longest streak in a year.
Crude oil was a notable mover, rising as much as 4%, nearly offsetting its 4.6% drop on Thursday.
Index | Performance (+/-) | Value |
Nasdaq 100 | +0.09% | 15,847.22 |
S&P 500 Index | +0.11% | 4,514.25 |
Dow Industrials | -0.02% | 34,940.89 |
Russell 2000 | +1.33% | 1,797.37 |
Among sectors, energy stocks, as indicated by the Energy Select Sector SPDR Fund (NYSE:XLE), saw a rally, climbing 2.6%.
Conversely, the Health Care Select Sector SPDR Fund (NYSE:XLV) and the Communication Services Select Sector SPDR Fund (NYSE:XLC) lagged behind, each down by 0.3%.
Among industries, retail stocks experienced a surge, with the SPDR S&P Retail ETF (NYSE:XRT) increasing by 2.8%. Other significant gainers included the SPDR S&P Oil & Gas Exploration and Production ETF (NYSE:XOP) and the VanEck Oil Services ETF (NYSE:OIH), up 2.7% and 2.6%, respectively.
REITs showed softer performance, with the Vanguard Real Estate ETF (NYSE:VNQ) declining by 0.1%.”
The United States Oil Fund, LP (NYSE:USO), which tracks the price performance of light sweet crude oil, rose 4.04%.
Gold edged 0.1% higher to $1,982/oz, while silver inched 0.2% higher to $23.77.
European equity indices closed in the green. The SPDR DJ Euro STOXX 50 ETF (NYSE:FEZ) rose 1.3%, but the best performer was the iShares MSCI Norway ETF (NYSE:ENOR), up 2.3%.
In emerging markets, Global X MSCI Argentina ETF (NYSE:ARGT) rose 1.9% ahead of the second round of the country’s presidential election over the weekend.
Bitcoin (CRYPTO: BTC) was 0.9% higher to $36,479, while Ethereum (CRYPTO: ETH) fell 0.8% to $1,945. Dogecoin (CRYPTO: DOGE) rallied 5.2%.
Read now: Feasting On Profits: Does Thanksgiving Week Cook Up Stock Market Gains?
Shanthi Rexaline contributed to this report.
Photo via Shutterstock.
Posted In: $BTC $DOGE $ETH AMAT ARGT BJ BKE BZH CHPT DIA ENOR EXPE FEZ GPS IWM KLAC LRCX OEF OIH QQQ