"The S&P 500 index was down 0.1% as of 12:15 p.m. ET, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq composite was down less than 0.1%. Institutional investors are largely closed out of their positions for the year. The S&P 500 has climbed nearly 18% this year, helped by the deregulatory policies of the Trump administration as well as investor optimism about the future of artificial intelligence."
"Gold and silver prices continued to climb, with silver rising more than 7% to $76.88 an ounce. Gold was up 1.4%. Both precious metals have risen this year as investors have looked for safe havens outside of stocks and bonds, and silver has also risen sharply due supply constraints. Miners like Freeport-McMoRan were among the biggest gainers Friday. Earlier surges in gold prices partly reflected worries during the U.S. government shutdown."
Stocks moved slightly lower in midday Friday trading as investors returned from the Christmas holiday and trading was expected to be light. The S&P 500 was down 0.1% as of 12:15 p.m. ET, the Dow fell 0.2%, and the Nasdaq slipped less than 0.1%. Institutional investors are largely closed out of positions for the year, and the S&P 500 has climbed nearly 18% year-to-date, supported by deregulatory policies and optimism about artificial intelligence. Gold and silver climbed, with silver up more than 7% to $76.88 and gold up 1.4%, while U.S. crude fell nearly 2% and Brent dropped over 1%. Target shares rose after a report of an activist stake, and several markets remained closed for the holiday.
Read at Fast Company
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