What happened to the Dow and Nasdaq this week?
Here's your Closing Bell Brief for Friday, January 23rd. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks finished the week on a mixed note. The Dow slid 0.6%. Declines in Goldman Sachs, American Express, and Caterpillar stocks weighed on the index. However, the Nasdaq edged up 0.3%, and the S&P 500 finished flat, rising less than 0.1%.
Elsewhere, the U.S. dollar tumbled against the Japanese yen. Gold futures hit a record closing high of $4,976. Silver futures also closed above $100 an ounce for the first time. Oil prices jumped nearly 3 percent, and natural gas prices spiked 4.6 percent amid forecasts for cold weather. Among other individual companies, Intel shares sank 17 percent.
The chipmaker swung to a bigger-than-forecast loss. It also projected further losses for the current quarter. Shares of Capital One Financial slid 7.5 percent after earnings disappointed investors. The company also raised its provisions for credit losses. Booz Allen Hamilton shares rallied almost 7 percent after the consultancy raised its profit outlook.
Cost-saving efforts are boosting the company's bottom line. CSX shares gained more than 2 percent. The railroad operator said results are positioned to improve this year after reporting a miss on quarterly profit and revenue. And Clorox shares gained 1%. The company reaffirmed its annual outlook and announced plans to buy Purell maker Gojo Industries.
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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