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%.
- A University of Michigan report pushed Treasury yields higher, with the 10-year Treasury rising to 5.20% from 5.18% late Thursday as consumers braced for 4.6% inflation.
- Higher borrowing costs pressured artificial-intelligence stocks that had soared in earlier years. Nvidia reversed early gains and dipped 0.1% as investors adjusted to the changing rate environment.
- Akamai Technologies rose 7% after announcing an $11.6 billion, multiyear agreement with Anthropic, the company behind the Claude AI chatbot. Costco Wholesale added 2.4% on stronger earnings.
- The international standard for Brent crude eased 0.6% to $99.60 per barrel. Abroad, Japan's Nikkei 225 climbed 1.3%, while Hong Kong's Hang Seng dropped 1%.
12 Articles
12 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.
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