Major US Indices Post Weekly Gains Despite Friday Market Retreat
Wall Street concluded a volatile trading week with all major indices maintaining weekly gains despite a broad market decline on Friday. The S&P 500 rose 2.15% for the week, and the Nasdaq Composite gained 1.92%, even as the tech-heavy index led Friday's losses with a 1.24% drop. Semiconductor strength acted as a primary driver for weekly growth across the broader market. In corporate news, Eli Lilly (LLY) announced a $3.5 billion investment to build a manufacturing facility in Pennsylvania focused on injectable obesity medicines. Meanwhile, dental health firm vVardis (VVVV) priced 9.72 million shares at $18 each ahead of its NYSE listing. On the macro front, the 10-year Treasury yield climbed to 5.13%, while gold and silver saw significant weekly declines.
Topics: commodities index movements stock market performance volatility
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