U.S. equities traded in mixed territory Friday morning as Wall Street weighed a stark downward revision to fourth-quarter economic growth against a sticky inflation reading prior to the oil shock of the war in Iran.
The S&P 500 hit fresh all-time highs during Christmas week, Tim Cook bought Nike, and precious metals delivered one of their strongest rallies in decades.
A Goldman Sachs survey shows institutional investors remain bullish on gold, with many expecting prices to rise and potentially reach $5,000 per troy ounce by 2026.
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining more than 250 points on Monday.
The Dow traded up 0.80% to 32,118.05 while the NASDAQ fell 0.21% to 11,606.44. The S&P 500, also rose, gaining, 0.43% to 3,933.50.
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping over 400 points on Wednesday.
The Dow traded down 1.32% to 31,732.39 while the NASDAQ fell 0.24% to 11,400.70. The S&P 500, also fell, dropping, 1.11% to 3,875.80.