Traders work on the floor of the New York Stock Exchange (NYSE) on September 15, 2026 in New York City, USA.
Gina Moon | Reuters
U.S. stocks rose on Friday as a rise in U.S. Treasury yields rippled through financial markets as Wall Street was ending a volatile week of trading.
of S&P500 rose 0.5%, but Nasdaq Composite It increased by 0.6%. of Dow Jones Industrial Average Progressed by 421 points (0.8%).
Akamai Technologies was the main winner of the session, rising 5% after announcing a multi-year deal with Anthropic.
A drop in oil prices amid optimism that the Strait of Hormuz could be reopened also supported sentiment, as Iran asked the US to return to a June memorandum of understanding that did not end the Middle East conflict. West Texas Intermediate Crude Oil Futures It fell 2% to about $92 per barrel against international benchmarks. brent crude oil futures It fell 2% to about $104 per barrel.
The day’s gains pushed the Dow up 0.1%, setting it up for a winning week. The S&P 500 is on track for a 1% gain, and the Nasdaq is up 2% since the beginning of the week.
Technology stocks such as meta platformhas soared more than 12% this week amid excitement surrounding the company’s artificial intelligence agent Muse. Information technology in the S&P 500 is up about 3%, the biggest of any sector in the index.
The drama continued in the bond market. 10 year treasury Yields rose to their highest level since 2007 on Thursday, while 30 years Yields have reached their highest level since 2004. These two were up slightly at the end, at 5.20% and 5.517%, respectively.
This week’s rise in yields was fueled by hawkish comments from Federal Reserve Chairman Michael Barr, energy prices remaining high due to the Iran war, and a notable report from Purchasing Managers. Federal funds futures trading suggests the chance of an October rate hike is about 66%, according to the CME FedWatch tool.
Eric Deaton, president of Wealth Alliance, said bearish sentiment has increased “sharply” from just two weeks ago, with investor sentiment weakening as bond yields rise. That said, the S&P 500 and Nasdaq are about 1% off their recent highs, and he believes the market is “incredibly resilient” in the face of these developments.
“If interest rates continue to rise, this should have an even greater impact on market performance at some point in the future,” he warned.
Meanwhile, traders were closely monitoring Chinese President Xi Jinping’s visit to the United States this week. U.S. Trade Representative Jamieson Greer told CNBC on Friday that “many more details” about U.S.-China negotiations are expected to be released on Monday.
Treasury Secretary Scott Bessent said earlier this week that the two countries had agreed to extend the trade ceasefire by two months.
