U.S. stocks rise even as bond market pressure builds
- U.S. stocks rose Friday, trimming losses from a volatile week, even as Treasury yields moved higher again.
- The S&P 500 gained 0.4%, the Dow Jones Industrial Average added 517 points, and the Nasdaq composite rose 0.4%.
- Ross Stores led gains after reporting stronger quarterly profit and revenue than analysts expected.
- The 10-year Treasury yield rose to 4.73% from 4.69%, while the 30-year yield also climbed near its highest level since 2007.
- Higher yields were fueled by inflation concerns, including higher oil prices and uncertainty around shipping through the Persian Gulf.
- Bitcoin, gold, and gold miners also advanced, while crypto-related stocks and mining shares benefited from the softer dollar and lower-rate expectations.
U.S. stocks ended higher on Friday, with the major indexes recovering part of their losses from a volatile week. The S&P 500 rose 0.4%, the Dow Jones Industrial Average climbed 517 points, and the Nasdaq composite added 0.4%.
The rally came even as the bond market remained unsettled. The yield on the 10-year Treasury note moved up to 4.73%, and the 30-year yield also increased, staying near its highest level since 2007. Higher yields can weigh on stock valuations, so the move remains a headwind for equities.
Ross Stores was among the day’s strongest performers after reporting better-than-expected quarterly profit and revenue. The company said it saw more new customers and stronger interest from existing ones, while also benefiting from tariff refunds.
The broader market also drew support from signs of solid business activity and from gains in bitcoin, gold, and related shares. At the same time, rising oil prices and concern about inflation kept pressure on Treasury yields, leaving the overall market picture mixed rather than firmly risk-on.
美国股市上涨，尽管债市压力持续加大
美国股市周五收高，主要指数收复了本周波动行情中的一部分失地。标普500指数上涨0.4%，道琼斯工业平均指数上涨517点，纳斯达克综合指数上涨0.4%。
尽管如此，债市仍然不稳。10年期美国国债收益率升至4.73%，30年期收益率也继续上行，接近2007年以来的高位。收益率上升通常会压制股市估值，因此这对股票整体仍构成压力，影响偏中性到偏空。
罗斯百货是当天表现较强的个股之一。该公司公布的季度利润和营收均好于分析师预期，并表示新客户增加、老客户兴趣上升，同时受益于关税退款。
市场还受到企业活动数据走强以及比特币、黄金和相关股票上涨的支撑。不过，油价上升和通胀担忧继续推高美债收益率，使整体市场表现呈现分化，未形成明确的单边走势。