Stocks were mixed, with the Nasdaq up 0.2% and the Dow down about 1%, while Brent crude rose 2.74% to $116.27 a barrel after Houthi attacks in Saudi Arabia. U.S. Treasury yields rose, and French bond yields eased after recent volatility.
Wall Street stocks were mixed on Friday as technology shares edged higher after the previous day’s selloff. The Nasdaq rose 0.21% to 26,062.75, while the Dow fell 0.9% to 52,391.73 and the S&P 500 eased 0.14% to 7,652.96. Semiconductor shares gained about 1% after the index posted its biggest daily percentage drop since June on Thursday.
Brent crude rose 2.74% to $116.27 a barrel, its highest in more than five months, while U.S. crude gained 2.56% to $102.02. Houthi attacks in Saudi Arabia and an oil spill reported by United Arab Emirates authorities fueled concerns about energy supply disruption. European natural gas prices also jumped.
The U.S. 10-year Treasury yield rose 3.7 basis points to 4.992%, while French 10-year yields fell 5 basis points to 5.04% after rising nearly 27 basis points during the week. American Express shares fell 3.5% after its results. Telecom shares, including Verizon, dropped after SpaceX was reportedly in talks with cellular infrastructure companies about a U.S. wireless carrier program.
