US stocks rise toward finish of record-breaking week
NEW YORK — U.S. stocks are rising toward the finish of their record-setting week on Friday, even as other financial markets remain indecisive. The S&P 500 rose 0.6 percent and clawed back most of its two straight days of losses since setting its all-time high. The Dow Jones Industrial Average was up 388 points, or 0.8 percent, as of 12:47 p.m. Eastern time, and the Nasdaq composite was 0.6…
U.S. stocks are ascending toward the conclusion of their record-breaking week on Friday, despite the uncertainty plaguing other financial markets. The S&P 500 increased by 0.6 percent and recaptured the majority of its losses from the previous two days following its record-high. The Dow Jones Industrial Average climbed 388 points, or 0.8 percent, by 12:47 p.m. Eastern time, while the Nasdaq composite increased by 0.6 percent.
However, these gains were tentative due to the fluctuating oil prices resulting from the ongoing uncertainty surrounding the conflict with Iran. The price of a barrel of Brent crude oscillated between $102.50 and $105 in the morning trading session, settling at $104.15, a slight 0.1 percent decrease. In the bond market, Treasury yields experienced fluctuations, rebounding from their earlier volatility.
The yield on the 10-year Treasury was recently recorded at 5.24 percent, up from 5.22 percent at the end of the previous trading day. This rise in yields can be attributed to concerns over inflation, the substantial U.S. government debt, and indications that the U.S. economy may face challenges.
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- US stocks rise toward finish of record-breaking week koreatimes.co.kr
