"All of the major indices, including the Russell 2000, finished the day higher, and Oracle Corp. ( NYSE: ORCL), which has been absolutely hammered, helped lead the way after it was announced that the company will be part of the group managing and steering TikTok in 2026. The tech-heavy Nasdaq once again was the star on Friday, finishing the week at 23,307, up 1.31%."
"Yields were higher across the curve on Friday as a combination of trader profit-taking, worries that the November inflation data may not accurately reflect the economy due to missing reports and the government shutdown, and shifting signals from Fed Governors about more rate cuts in 2026. The 30-year long bond closed at 4.83% while the benchmark 10-year note ended the session at 4.15%."
"The energy complex saw solid buying across the board, as value managers stepped in to buy the beaten-down large-cap giants, short-sellers covered positions to end the year, and the blockade of Venezuelan tankers continued to dominate the sector's news. Brent Crude closed Friday at $60.51, up 1.15%, while West Texas Intermediate was last seen at $56.54, up 0.96%. Natural gas continued to rally after a dreadful three weeks that saw it knocked down by close to 25%. The final trade on Friday was posted at $4,02, up 2.94%."
Markets opened with futures higher ahead of a holiday-shortened trading week following a strong triple-witching Friday rally. All major indices finished higher, led by the Nasdaq, and the Russell 2000 traded at or near all-time highs. Oracle gained after being named to the group that will manage TikTok in 2026. Treasury yields rose across the curve, with the 30-year at 4.83% and the 10-year at 4.15%, amid profit-taking, data concerns, and shifting Fed signals. Energy saw broad buying; Brent closed at $60.51, WTI at $56.54, and natural gas rallied to $4,02. Gold and silver moved modestly higher toward new highs.
Read at 24/7 Wall St.
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