US Stocks: US Market Rebounds, but Yield Surge Sets Stage for Weekly Losses
The Dow rose 255 points and the S&P 500 gained 0.37% as investors weighed bond-yield swings and Middle East uncertainty.
- On Friday, U.S. stocks rose, though major indexes remain on track for weekly losses following days of volatile government bond yields and Middle East uncertainty.
- President Donald Trump threatened economic sanctions on Iran's trading partners, raising expectations of tighter supply as oil futures rose for a sixth straight day amid fluctuating bond yields.
- Among S&P 500 sectors, materials led gains with more than 2% advance, while Robinhood advanced 14% and Ross Stores added 5.5% after reporting better-than-expected results.
- Economic data released Friday showed the U.S. services sector experienced its strongest growth in nearly two years, powering acceleration in business activity that offset manufacturing slowdowns.
- Investors await next week's Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, alongside Nvidia earnings and Fed Chair Kevin Warsh's Jackson Hole speech.
26 Articles
26 Articles
Wall Street Review: Stocks Post Weekly Loss Despite Friday Gains
U.S. stocks ended Friday in the green but posted a weekly loss as rising bond yields weighed on the markets, with both the 30-year Treasury bond and the 10-year Treasury note trading at multi-year highs. The Dow Jones Industrial Average closed at 53,277 on Friday, down 0.85 percent for the week. The S&P 500 dipped 1.43 percent to finish the week at 7,674. The Nasdaq fared the worst, falling 2.05 percent, while the small-cap Russell 2000 finished…
Wall Street rebounds but snaps weekly streak on bond yield worries | Honolulu Star-Advertiser
The main U.S. stock indexes closed higher today but showed declines for the week, which was marked by investor jitters over fluctuating government bond yields and a lack of clarity on progress in the Middle East.
Stocks Rebound to Close Out a Down Week
US stocks rose Friday and trimmed their losses from a shaky week. That was even though the bond market, which has been the center of Wall Street's action, remained jumpy and continued to add pressure. The Dow rose 517.80 points, or 1%, to 53,277.01, ending the week...
New York stock exchanges headed into the weekend with gains on Friday, although the main indices suffered losses on a weekly basis. Investors were unsettled by fluctuating government bond yields and uncertainty regarding progress in the Middle East. For the broad S&P 500 index and the tech-heavy Nasdaq, this marked the end of a three-week winning streak, while the Dow Jones suffered losses for the second consecutive week.
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