Stocks End Higher for the Week as Treasury Yields Hit Multi-Decade High

U.S. stocks closed higher on Friday, September 25, with the Dow Jones Industrial Average gaining 0.93% (up 478.64 points to 51,828.62), the S&P 500 adding 0.51% to 7,743.41, and the Nasdaq Composite rising 0.48% to 27,068.72. All three major indices notched weekly gains, with the Dow snapping a three-week losing streak.

The advance came even as the 10-year Treasury yield climbed to 5.18%, its highest level since the global financial crisis, while WTI crude fell 2.33% to around $92 a barrel amid reports of potential U.S.-Iran discussions about reopening the Strait of Hormuz. BlackRock's Rick Rieder described the recent bond sell-off as "not a crisis but an eye-opener," pointing to lingering inflation concerns.

Consumer sentiment added a note of caution: the University of Michigan's September reading fell to a four-month low of 48.1, weighed down by elevated gas and grocery prices and ongoing tariff concerns.