Technology stocks are outperforming the broader market Friday, but stocks are poised to end the week with slight losses as investors continue to eye Treasury yields that keep moving higher, a sign stock-market gains could eventually come under heightened pressure.Shortly after the market open, the Dow Jones industrial average–the only major index in positive territory for the week–ticked up 90 points, or 0.
Meanwhile, Uber shares are down nearly 2% Friday after the United Kingdom Supreme Court ruled that its drivers are entitled to workers' rights–athat will guarantee protections such as minimum wage and will likely have trickle effects for other ride-hailing and delivery services. Global markets also ticked up Friday, with Shanghai's SE Composite ending the day up 0.6%, while the United Kingdom's FTSE 100 ticks up 0.2% and Germany's DAX Index climbs 0.9%.Stimulus expectations, vaccine optimism and booming corporate earnings have pushed the market to new highs since Election Day, but uncertainty wrought by a speculative retail-trading frenzy, rising yields and the threat of various new Covid strains have stunted the market's growth in recent weeks.
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