US Stocks Rise as Oil Pullback Halts Yield Surge
US stock indices closed higher on Friday as easing oil prices halted the surge in Treasury yields. The S&P 500 rose 0.5%, the Dow added 479 points, and the Nasdaq gained 0.4%. Oil prices fell after news that the US and Iran had moved closer to an agreement to lift naval blockades on tankers in the Persian Gulf and ease economic measures against Tehran. Benchmark borrowing costs halted their surge after reaching multi-decade highs on Thursday. AI stocks were mixed. Hardware shares were mostly higher, Applied Materials rose 2.3% and Lam Research added 2.6%. among hyperscalers, Alphabet rose % and Microsoft gained 3.7% after announcing plans to merge its consumer and workplace Copilot AI assistants into a product for corporate customers. Meta fell 3.3%, but gained % on the week after a series of hardware releases following its Muse AI agent. Oracle lost 1.7%. Financials were mostly higher. On a weekly basis, the S&P 500 rose 0.6%, the Nasdaq 100 jumped 2.1%, and the Dow shed 103 points.
US stock indices closed higher on Friday as easing oil prices halted the surge in Treasury yields. 4%. Oil prices fell after news that the US and Iran had moved closer to an agreement to lift naval blockades on tankers in the Persian Gulf and ease economic measures against Tehran. Benchmark borrowing costs halted their surge after reaching multi-decade highs on Thursday.
AI stocks were mixed. 6%. 7% after announcing plans to merge its consumer and workplace Copilot AI assistants into a product for corporate customers. 3%, but gained % on the week after a series of hardware releases following its Muse AI agent.
7%. Financials were mostly higher. 1%, and the Dow shed 103 points.