The S&P 500 rose 0.70% to 7,489.72, the Dow gained 0.53% to 52,485.03, and the Nasdaq rallied 1.00% to 25,373.85 on Friday. Amazon jumped 15% on strong earnings, while Apple plummeted 7.2% after disappointing China and Services results. The 10-year Treasury yield surged to 4.71% and the 30-year hit 5.249%.
→ Fed officials signaled Friday that they favor raising rates to pump the brakes on inflation as geopolitical tensions keep oil elevated.
→ The 30-year Treasury bond yield spiked to its highest levels since 2007 this week.
→ Reddit and earnings stream: More megacaps report next week; watch for guidance on AI spending plans and profit margins under margin pressure from higher rates.