Stocks rebound at the end of the week despite overall weekly losses

From Nasdaq: 2024-12-20 16:26:32

Stocks ended the week on a high note, with the Dow adding nearly 500 points thanks to reassuring inflation data. Nvidia and bank stocks led the rally, and the S&P 500 and Nasdaq also saw gains. Despite weekly losses, the “fear gauge” VIX closed below 20 after a two-day spike.

Bitcoin slipped below $100,000, while a natural gas exporter’s IPO could be significant. Warren Buffett increased his stake in a petroleum stock, and FDX saw a boost on spinoff news. The Dow experienced historic losses this week.

Oil prices saw a weekly loss, with WTI crude settling at $69.46 per barrel. Gold prices rose on the back of lower U.S. dollar and inflation data, settling at $2,647.90 an ounce. Fed fatigue continues into 2025.



Read more at Nasdaq: Stocks Bounce Back, Still Log Weekly Losses