U.S. stocks closed mostly lower Friday, but the Dow Jones and S&P 500 posted weekly gains, as the Israel-Gaza war appeared to escalate heading into the weekend. The Dow Jones Industries DJIA, +0.12% rose about 39 points, or 0.1%, on Friday, ending near 33,670, according to preliminary FactSet data. The S&P 500 index SPX, -0.50% fell 0.5% and the Nasdaq Composite Index COMP, -1.23% closed 1.2% lower. The S&P 500’s energy segment outperformed Friday, gaining 2.3%, as U.S.
benchmark crude surged nearly 6% after Israel ordered more than a million people in Gaza to evacuate to the south. Treasury yields fell, with the 10-year Treasury TMUBMUSD10Y, 4.626% rate retreating to 4.628% Friday, snapping a 5-week yield climb, according to Dow Jones Market Data. Bond prices and yields move in the opposite direction. Investors bought other haven assets too, including gold GC00, +3.11% and the U.S. dollar DXY, +0.03%. Wall Street’s “fear gauge” VIX, +15.
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Dow Jones sheds 170 points, stocks post losses as bond selloff resumesJoy Wiltermuth is a news editor and senior markets reporter based in San Francisco.
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