US stocks finished mixed on Friday as investors digested the Federal Reserve’s latest rate hike and geopolitical developments. Treasury yields rose sharply, while the dollar ended close to flat. The yen remained volatile following the Bank of Japan’s rate hike, oil fell for a second session, and gold rebounded.
📊 Equities
The Dow edged 0.18% lower, while the S&P 500 gained 0.17% and the Nasdaq rose 0.39%.
🛢️ Oil
Oil prices moved lower for a second consecutive session as geopolitical concerns eased slightly. Brent fell 0.91% to $103.87, while WTI dropped 1.58% to $100.30.
🥇 Gold
Gold rebounded as the week drew to a close, gaining 0.85% to $4,376.91.
💵 FX & Bonds
The 2-year US Treasury yield rose 7.9 basis points to 4.743%, while the 10-year yield rose 6.6 basis points to 4.996%. The USD Index slipped 0.03% to 100.22. The yen remained volatile following the Bank of Japan’s rate hike and reports that the BoJ had conducted rate checks.
| Market | Change | Close |
|---|---|---|
| Dow | -0.18% | 51,682 |
| S&P 500 | +0.17% | 7,650 |
| Nasdaq | +0.39% | 26,522 |
| USD | -0.03% | 100.22 |
| US Treasury – 2 Year | +7.9 bps | 4.743% |
| US Treasury – 10 Year | +6.6 bps | 4.996% |
| Oil – Brent | -0.91% | $103.87 |
| Oil – WTI | -1.58% | $100.30 |
| Gold | +0.85% | $4,376.91 |
📌 Today’s Focus
It is a relatively quiet start to the trading week, with little major data scheduled. Japanese markets are closed for a public holiday. Attention later turns to ECB President Christine Lagarde and Bank of Canada Governor Tiff Macklem.