NewzNEW YORK (AP) — Financial markets remain indecisive on Friday, as the U.S. stock market tiptoes toward the finish of a record-setting week.The S&P 500 rose 0.3% and clawed back some of its two straight days of losses since setting its all-time high. The Dow Jones Industrial Average was up 158 points, or 0.3%, as of 10:15 a.m.
Eastern time, and the Nasdaq composite was 0.3% higher.The moves were tentative as oil prices continue to yo-yo because of uncertainty about when the war with Iran will allow the global energy industry to return to normal. The price for a barrel of Brent crude bounced between $102.50 and $104 several times overnight and in the morning, and it was most recently at $103.89, down 0.4%.Treasury yields flipped up and down in the bond market following their own sharp moves earlier in the week. The yield on the 10-year Treasury was most recently at 5.26%, up from 5.22% late Thursday.It recently touched its highest level since 2002 because of worries about high inflation, the U.S.
government’s massive debt load, signals that the U.S. economy is continuing to grow and other factors.High yields threaten to slow the economy by making borrowing money more expensive for everyone, and the average 30-year fixed-rate mortgage has already leaped to its highest level in nearly three years.Yields are also shooting higher in other bond markets around the world, which make investors less willing to pay high prices for stocks and other investments. But the high yields have also attracted investors to buy Treasurys at recent auctions, and that demand is helping to limit further increases for yields.On Wall Street, Humana rallied 11.7% to help lead the market after the insurer said it received encouraging data about its quality ratings versus its competitors for Medicare Advantage plans.Companies that own cell towers were close behind, including leaps of 10.2% for Crown Castle and 7% for American Tower.They rallied after SpaceX announced a purchase that could help it become a major mobile carrier in the United States.
It still needs to get approval from U.S. regulators, but SpaceX said the purchase of low-band spectrum would allow its Starlink Mobile business to have a signal that can penetrate walls and connect customers inside buildings who may not be able to access its satellites. SpaceX's stock rose 1.4%The threat of another big competitor sent stocks low…
NEW YORK (AP) — Lower oil prices are helping the U.S. stock market rise to the finish of a record-setting week on Friday, but financial markets remain indecisive.The S&P 500 rose 0.3% and clawed back some of its two straight days of losses since setting its all-time high. The Dow Jones Industrial Average was up 116 points, or 0.2%, as of 9:35 a.m.
Eastern time, and the Nasdaq composite was 0.5% higher.The moves were tentative as oil prices continue to yo-yo because of uncertainty about when the war with Iran will allow the global energy industry to return to normal. The yield on the 10-year Treasury was most recently at 5.25%, up from 5.22% late Thursday.It recently touched its highest level since 2002 because of worries about high inflation, the U.S.
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