Stock futures are little changed after a steep sell-off sparked by a move back higher in Treasury yields: Live updates - CNBC
Stock markets showed mixed results as investors reacted to rising Treasury yields and concerns over inflation. Major indices experienced volatility following a week of losses.
Why it matters
Market fluctuations driven by bond yields and geopolitical tensions directly impact global economic stability and investor sentiment.
The S&P 500 rose on Friday as investors tried to find their footing following a steep sell-off driven by rising Treasury yields.
The broad market index climbed 0.43% to end at 7,674.37, while the Nasdaq Composite rose 0.43% to 26,180.45. The Dow Jones Industrial Average was up 517.80 points, or 0.98%, supported by gains in healthcare stocks such as Merck and Johnson & Johnson . The 30-stock index closed at 53,277.01.
The financials sector offered a boost to the broader market, with crypto-related stocks seeing sizable gains as bitcoin posted a weekly advance of 22%. Robinhood shares jumped almost 14%, while Coinbase added 8%. Materials also outperformed, up 2% on the day.
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