U.S. stocks were mixed on Friday, with the S&P 500 edging up 0.2%, but weighed down by rising Treasury yields and oil prices.
U.S. stocks closed mixed on Friday, with the S&P 500 index edging up 0.2% to 7,650.50 points, the Dow Jones Industrial Average falling 0.2% to 51,682.64 points, and the Nasdaq Composite index rising 0.4% to 26,552.55 points. Market performance was dragged down by rising bond yields and high oil prices. The 10-year U.S. Treasury yield rose to 5% from 4.94% on Thursday evening, having earlier this week surpassed 5% for the first time since 2023. International benchmark Brent crude oil prices also rose to nearly $110 earlier this week, briefly falling below $102 in overnight trading, and ultimately closing at $103.87.
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