The major stock indexes closed significantly higher on Friday, marking the end of July’s trading session, as investors shrugged off rising bond yields and shares of Amazon soared.
The Nasdaq Composite increased by 1%, while the S&P 500 gained 0.7%. The Dow Jones Industrial Average rose by 277.68 points, or 0.5%.
This week, the yield on the 30-year Treasury bond surged to its highest level since 2007, reaching approximately 5.26%. Meanwhile, the 10-year Treasury note yield climbed above 4.7%, its highest point since January 2025.
Source (CNBC)
