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The Dow, S&P 500, and Nasdaq all notched record closes for the second day, securing strong weekly wins across the board. The latter two are on track to completely brush off September seasonality, finishing each of the last three weeks higher. Despite the small-cap Russell 2000 pulling back from its intraday record high, it still marked its seventh consecutive weekly gain. Looking ahead, rate-cut optimism is still prevalent on Wall Street, with plenty of Fed speeches to unpack in the upcoming week.
Continue reading for more on today's market, including:
Oil prices eased for the third-straight day, with supply and demand worries taking precedence. October-dated West Texas Intermediate (WTI) crude lost 89 cents, or 1.3%, to $62.68 per barrel for the day and fell 0.1% for the week.
Gold futures finished the day and week higher, securing their fifth-consecutive weekly win. U.S. gold futures for December delivery gained 1.1% to settled at $3,718.50 per ounce on the day and up 1% on the week.
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