Stock Indexes Rise, Gold Above $4,000
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Market Snapshot: Shutdown Continues, Gold Surges
Stock indexes opened slightly higher Friday, a day after the three major indexes closed lower, while gold futures went back above $4,000 an ounce as the length of the U.S. government shutdown reached double digits.
the blue-chip Dow Jones Industrial Average rose 0.2% at the bell, while the tech-heavy Nasdaq adn benchmark S&P 500 were 0.1% higher. Yesterday, the Dow, S&P 500, and Nasdaq ended down a respective 0.5%, 0.3%, and 0.1% after the S&P 500 and Nasdaq hit fresh intraday records.
Gold futures, which have soared more than 50% this year, resumed their ascent after closing back below the $4,000 threshold Thursday, up nearly 1% to $4,005 in recent trading.West Texas Intermediate crude oil futures sank 3% to below $60 per barrel as Israeli troops started pulling back from Gaza following a ceasefire agreement.
The 10-year Treasury yield-which affects borrowing costs on all sorts of loans-fell to 4.09% from 4.14% at Thursday’s close. Bitcoin ticked higher to about $121,900. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, slipped 0.2% to 99.30.
Friday is the 10th day of the U.S. government shutdownand without official data releases, investors
