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.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »