U.S. Markets
U.S. stocks rebound as Brent crude retreats below $100
The S&P 500 and Dow rose in Friday afternoon trading as Brent crude fell 4.7% to $95.98, easing immediate inflation and interest-rate concerns. The Nasdaq remained slightly lower as Micron Technology, Broadcom and other large semiconductor stocks declined.
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^GSPCU.S. stocks rebounded Friday afternoon as a sharp retreat in oil prices eased some of the inflation and interest-rate pressure weighing on equities.
The S&P 500 rose 0.4%, while the Dow Jones Industrial Average gained 0.6%. Brent crude fell 4.7% to $95.98, moving back below $100, while Treasury yields also eased.
The gains were not uniform. The Nasdaq Composite slipped 0.1% as declines in large semiconductor stocks, including Micron Technology and Broadcom, offset the broader market advance. The divergence showed that relief from lower oil prices and yields was not enough to overcome pressure on major technology shares.
Lower crude prices can reduce immediate inflation concerns, while easing Treasury yields can lessen rate pressure on stock valuations. Even so, technology weakness and new U.S. tariffs kept the market on course for a losing week. The reported moves were an afternoon snapshot, so final closing levels and whether the rebound would persist remained uncertain.
Retreating oil prices and easing Treasury yields reduced immediate inflation and rate pressure on U.S. equities, supporting the S&P 500 and Dow. Semiconductor weakness weighed on the Nasdaq, while tariffs and technology declines left the broader market headed toward a losing week.