Big Three Post Fourth Consecutive Weekly Gain

Main content

Equity markets continued to recover from their September/October swoon, as the big three indexes posted a fourth consecutive weekly gain; the S&P established its 41st record high of the year. The down trend in oil persisted, as prices hit four-year lows during the week before bouncing back slightly on speculation of an OPEC production cut. The CBOE Volatility Index inched higher but remained well below its mid-October highs, while yield on the benchmark ten-year U.S. Treasury was little changed on the week.

Footer content