U.S. shares closed blended Friday, with the Dow Jones Industrial Common logging its largest weekly drop since October as rates of interest within the bond market rose forward of the Federal Reserve’s coverage assembly subsequent week.
The Dow fell 86.06 factors on Friday, or 0.2%, to shut at 43,828.06, declining a seventh straight day for its longest stretch of each day losses since February 2020.
The S&P 500 slipped lower than 1 level to complete about flat at 6,051.09.
The Nasdaq Composite rose 23.88 factors, or 0.1%, to finish at 19,926.72.
For the week, the Dow dropped 1.8%, the S&P 500 retreated 0.6% and the technology-heavy Nasdaq gained 0.3%. The Dow booked back-to-back weekly declines.
Within the bond market, the yield on the 10-year Treasury observe rose Friday to 4.398% to put up its largest weekly rise since October 2023 primarily based on 3 p.m. Jap time ranges, in line with Dow Jones Market Information. The Fed will subsequent week kick off a two-day assembly on financial coverage, which can conclude Dec. 18 with its determination on the place to set rates of interest.
