S&P 500 Wavers After Strong One-Day Rally
The S&P 500 (^GSPC) showed mixed performance on Friday after its best single-day gain in six weeks. The market's volatility came amid steady oil prices and bond yields following the Federal Reserve’s decision to raise interest rates for the first time since 2023. The 10-year Treasury yield hovered near 4.98%, while Brent crude futures traded around $104 per barrel. Tech stocks were set to end the week relatively flat, with concerns over AI risks affecting investor sentiment earlier in the week. Alphabet (GOOG) and Meta (META), however, were on track for weekly gains. Bitcoin surged more than 4% above $79,000 while gold remained near $4,400. Notable stocks being closely watched included Netflix (NFLX), Draftkings (ARM), and Berkshire Hathaway (BRK-B). The market's mixed tone reflected ongoing uncertainty around economic conditions and monetary policy.
Tickers: $ARMK $GOOG $META $NFLX $NVDA
Topics: bond yields interest rates oil prices S&P 500 tech stocks