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Stocks finished the week mixed as oil prices climbed and hiring data came in stronger than forecast, leaving investors with no clear read on where markets head next.
The Dow Jones Industrial Average slipped 0.27 percent for the week to 53,414. The S&P 500 edged up 0.09 percent to 7,718, while the Nasdaq Composite outperformed with a 0.4 percent gain. The Russell 2000 rose 0.11 percent.
Meanwhile, the CBOE Volatility Index climbed 0.69 percent to 14.53, a sign investors are pricing in more risk.
Oil and Bond Yields
Oil led the market’s action early in the week, with Brent crude rising above $92 a barrel on Tuesday in a two-day rally as tensions in the Middle East flared, reviving fears of disruptions to shipping through the Strait of Hormuz. …
The Dow Jones Industrial Average slipped 0.27 percent for the week to 53,414. The S&P 500 edged up 0.09 percent to 7,718, while the Nasdaq Composite outperformed with a 0.4 percent gain. The Russell 2000 rose 0.11 percent.
Meanwhile, the CBOE Volatility Index climbed 0.69 percent to 14.53, a sign investors are pricing in more risk.
Oil and Bond Yields
Oil led the market’s action early in the week, with Brent crude rising above $92 a barrel on Tuesday in a two-day rally as tensions in the Middle East flared, reviving fears of disruptions to shipping through the Strait of Hormuz. …
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