Dow Climbs 0.9% to Close Out a Week It Would Rather Forget
Bitcoin, gold, and a Tesla rally led a Friday rebound. Wall Street's common thread runs straight through the bond market today.
Overview
After a week of the bond market yanking stocks around, Friday brought something rare: a relatively quiet day. Yields are still elevated, but they stopped lurching. The torrential flow of earnings reports slowed to a trickle.
The Dow Jones Industrial Average (DJINDICES: ^DJI) leads at 0.89% as of 12:06 p.m. ET. The Nasdaq Composite (NASDAQINDEX: ^IXIC) is up 0.70% and the S&P 500 (SNPINDEX: ^GSPC) has added 0.68%. The gains put the S&P 500 on track for just its second up day in the six sessions since it set a record on Aug. 13.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.