Wall Street Ends Six-Week Rally Amid Rising Bond Yields

The S&P 500 and Dow Jones Industrial Average saw declines, while the tech-heavy Nasdaq continued its upward trend.

The S&P 500 and Dow Jones Industrial Average both ended their six-week winning streaks, with the S&P down 1% for the week.
The Nasdaq Composite rose 0.6% on Friday, driven by gains in major tech stocks, and maintained a seven-week winning streak.
Rising Treasury yields, with the 10-year yield climbing to 4.24%, contributed to investor caution and market volatility.
Capri Holdings' stock plummeted nearly 49% after a judge blocked its acquisition by Tapestry, impacting the luxury sector.
Investors are closely watching upcoming tech earnings and economic data, including the Federal Reserve's interest rate decisions.