Dow jumps more than 470 points Friday; stocks notch winning week despite Treasury yield surge - CNBC

U.S. equities rose on Friday as Wall Street wrapped up a volatile week of trading, with a surge in Treasury yields rippling through financial markets.

The S&P 500 climbed 0.51% to close at 7,743.41, while the Nasdaq Composite gained 0.5% to 27,068.72. The Dow Jones Industrial Average advanced 478.64 points, or 0.93% to end at 51,828.62.

Akamai Technologies was a key winner of the session, rising 3% after announcing a multiyear deal with Anthropic .

Also helping sentiment, oil prices slid amid optimism that the Strait of Hormuz could be reopened, as Iran has asked the U.S. to return to the memorandum of understanding from June that failed to end the Middle East conflict. West Texas Intermediate crude futures dropped 2.33% to settle at $92.41 per barrel, while international benchmark Brent crude futures declined 2.14% to $104.32 a barrel.