Economic TimesLean R·
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
The main U.S. stock indexes closed higher on Friday but posted weekly losses as investors were rattled by fluctuating government bond yields and a lack of clarity on progress in the Middle East.The S&P 500 and the tech-heavy Nasdaq snapped a three-week winning streak, while the Dow registered its second consecutive weekly loss. Equity investors have been taking their cues from the direction of U.S. government bond yields in recent sessions as the prospect of higher borrowing costs dampen…
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