US Stocks Are Mixed After Oil Prices Ease and Bond Yields Rise
The Dow, Nasdaq and S&P 500 finished mixed as lower oil prices eased energy pressure and higher yields weighed on valuations.
- U.S. stocks finished mixed on Friday, with the Dow Jones Industrial Average rising 0.3% to 51,500.72 while the Nasdaq and S&P 500 both added 0.2%.
- Treasury yields climbed to 5.20% from 5.18% late Thursday following a University of Michigan consumer sentiment report that revealed expectations of 4.6% inflation in the coming year, up from 4% the month before.
- Rising yields particularly impacted artificial-intelligence stocks, which had soared in earlier years; Nvidia reversed early gains and dipped 0.1% as higher borrowing costs undercut investor appetite.
- Akamai Technologies rose 7% after announcing an $11.6 billion multiyear agreement with Anthropic, while Costco Wholesale added 2.4% following stronger-than-expected quarterly profit.
- Globally, Brent crude eased 0.6% to $99.60 per barrel, while Japan's Nikkei 225 climbed 1.3% and Hong Kong's Hang Seng dropped 1% amid mixed international sentiment.
11 Articles
11 Articles
Oskaloosa Herald
US stocks drift toward the finish of a winning week
A cooldown in oil prices is clashing on Wall Street with pressure building from the bond market, leaving the U.S. stock market mixed. The S&P 500 was virtually unchanged Friday, but only after flipping between gains and losses. The Dow…
The Bakersfield Californian
US stocks are mixed after oil prices ease and bond yields rise
A cooldown in oil prices is clashing on Wall Street with pressure building from the bond market, leaving the U.S. stock market mixed. The S&P 500 was virtually unchanged Friday, but only after flipping between gains and losses. The Dow…
U.S. Stocks Lack Direction As Treasury Yields Extend Surge
After moving to the upside early in the session, stocks have shown a lack of direction over the course of the trading day on Friday. The major averages have spent the day bouncing back and forth across the unchanged line after ending the previous session roughly flat. Currently, the major averages are posting modest gains.
In the US stock markets, the Dow Jones index fell 0.31% to 51,349.98 points, the S&P 500 index fell 0.02% to 7,704.13 points, and the Nasdaq index rose 0.01% to 26,939.37 points.
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