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The Dow and Nasdaq finished the day with triple digit pops, securing their largest weekly wins since early November as investors cheered a strong start to 2026. The S&P 500 also notched a weekly win, ending the day with a fresh record close.
Homebuilding stocks were big winners today, after President Trump ordered mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. Mortgage rates fell sharply to their lowest level in three years after the news.
Continue reading for more on today's market, including:
Oil was in the spotlight plenty this week amid developments in Venezuela, with President Trump stating today that Big Oil would invest $100 billion in Venezuela as oil executives meet at the White House today. February-dated West Texas Intermediate (WTI) crude added 2.4% to settle at $59.12 a barrel for the day, it's highest settlement since early December. For the week, black gold tacked on 3.1%.
Geopolitical uncertainty pushed bullion higher this week. January-dated gold futures rose $40.60, or 0.91%, to settle at $4,490.30 on the day, adding 4.1% for the week.
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