S&P Market News Update

U.S. stocks ended the roller-coaster week on a high note, as a rally in oil prices and calmer currency markets provided a rare boost of confidence. The main benchmarks broke a five-day losing streak, but still ended the fourth-straight week with losses.

S&P 500 SPX, +1.34%  closed up 26.75 points, or 1.3%, at 2,019.42, but was down 1.2% over the week. A rally in oil prices lifted energy sector stocks, rising 3.2%, but gains were across the board.

Swiss fallout drives euro to 11-year low against dollar

The euro fell to another 11-year low against the dollar Friday, a day after the Swiss National Bank’s surprise decision to eliminate its exchange-rate cap removed a source of support for the shared currency.

The euro EURUSD, +0.00%  briefly traded under $1.15, its lowest level against the buck since 2003. The euro was last at $1.1567 to the dollar late Friday, down 0.57% on the day and 2.3% on the week.

The euro EURCHF, +0.00% tumbled to 1.0068 to the franc, from a high of 1.0252 franc earlier in the session. 

The ICE U.S. dollar index DXY, +0.54%  a measure of the greenback against a basket of six-rival currencies rose 0.82% to 93.1320 and up 1.3% for the week.

Copper Market Update

High-grade copper for March delivery HGH5, +2.91%  rose 6 cents to settle at $2.62 a pound, after coming under heavy selling pressure earlier in the week.

Natural Gas Market Update

February natural gas NGG15, -2.31%  bucked the trend, however, to lose 3 cents, or 1%, to $3.1270 per million British thermal units.

Heating oil Market update

February heating oil HOG5, +2.53%  rose 4 cents, or 2.6%, to $1.6656 a gallon. On the week, however, heating oil lost 2.2% and extended its losing streak to an eleventh week.