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. stock markets are on track to conclude their record-breaking week on Friday, despite financial markets elsewhere remaining uncertain. The S&P 500 gained 0.6 percent, recovering most of the losses it experienced over two consecutive 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 rose 0.6 percent.
However, the progress was cautious due to fluctuating oil prices, which are influenced by uncertainty surrounding the conflict in Iran and its implications for global energy production. The price of Brent crude oil oscillated between $102.50 and $105 per barrel, settling at $104.15, a 0.1 percent decrease. Similarly, bond market yields exhibited volatility, with the yield on the 10-year Treasury bond briefly reaching 5.24 percent, its highest level since 2002, reflecting concerns over inflation, the nation's substantial debt, and indications of a robust U.S. economy.
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- US stocks rise toward finish of record-breaking week koreatimes.co.kr
