Rising oil prices and US Treasury borrowing plans weighed on equities, offsetting gains from eased bond yields.
US stock indexes finished the week with mixed results as surging oil prices reignited inflation concerns among investors. The S&P 500 and Nasdaq posted modest gains, while the Dow Jones Industrial Average slipped slightly, reflecting cautious sentiment ahead of key economic data.
Earlier in the week, Treasury yields climbed on expectations of increased government borrowing, but eased after the US Treasury announced plans to more than double buybacks of 10-, 20-, and 30-year debt. The move aimed to stabilize long-term yields amid growing fiscal pressures.
Markets remained volatile as traders assessed the interplay between inflation risks and monetary policy expectations. Oil prices, a key driver of inflation, hovered near multi-month highs, adding to uncertainty over the Federal Reserve’s next moves.