U.S. stocks rose on Friday as falling oil prices eased pressure that had built up on Wall Street, according to multiple outlets. The S&P 500 added 0.5%, breaking a three-day losing streak marked by swings tied to rising bond yields.
The Washington Times reported the S&P 500's gain brought it within 0.7% of its all-time high set the previous month. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 0.5%, according to the same report.
Stocks got a boost after the price of a barrel of Brent oil dropped below $98, The Washington Times reported. That decline helped Treasury yields ease shortly after the 10-year yield had briefly jumped near its highest level since 2007.
Bloomberg reported that U.S. stock futures rose as investors saw relief in both yields and oil prices. Independent Journal Review reported that European shares also logged weekly gains as oil eased, according to that outlet.
How each side covered it
Left
- Left-leaning outlets reported that easing oil prices helped U.S. stocks finish the week higher.
- Bloomberg reported that U.S. stock futures rose as investors saw relief in both bond yields and oil prices.
“US Stock Futures Rise as Investors See Relief in Yields, Oil” — Bloomberg
Center
- Center outlets reported the S&P 500 added 0.5%, breaking a three-day losing streak.
- The Hill, citing AP, described the week as volatile due to rising yields.
- The Wall Street Journal and MarketWatch both characterized the week as one of increasing yields and volatile oil prices.
“Stocks Rise to Cap Week of Increasing Yields, Volatile Oil Prices” — The Wall Street Journal
Right
- The Washington Times reported specific index gains: S&P 500 up 0.5%, Dow up 0.9%, Nasdaq up 0.5%.
- The Washington Times noted the S&P 500 came within 0.7% of its all-time high.
- The Washington Times reported Brent oil dropped below $98 a barrel, easing Treasury yields.
- Independent Journal Review reported European shares also logged weekly gains as oil eased.
“A cooldown in oil prices helped release some of the pressure that's built up on Wall Street, and U.S. stocks closed out their first winning week in the last three.” — The Washington Times
Questions readers ask
What happened to U.S. stocks on Friday?
U.S. stocks rose as falling oil prices eased pressure on Wall Street, with the S&P 500 adding 0.5%, the Dow Jones Industrial Average rising 0.9%, and the Nasdaq composite climbing 0.5%, according to multiple outlets.
Why did oil prices affect the stock market?
A drop in Brent crude oil below $98 a barrel helped ease Treasury yields, which had been rising and pressuring stocks, according to The Washington Times.
How long had stocks been declining before this rise?
U.S. stocks had been on a three-day losing streak marked by swings tied to rising yields, and Friday's gain gave markets their first winning week in three weeks, according to multiple outlets.
Did markets outside the U.S. also rise?
According to Independent Journal Review, European shares logged weekly gains as oil prices eased.
How close is the S&P 500 to its record high?
The S&P 500's Friday gain brought it within 0.7% of its all-time high set the previous month, according to The Washington Times.
Sources · 8 outlet reports
- Associated PressLeft-leaningA reprieve from rising oil prices helps US stocks finish the week higher
- BloombergLeft-leaningUS Stock Futures Rise as Investors See Relief in Yields, Oil
- MarketWatchCenterU.S. Stocks Rise To End Volatile Week -- Update
- NewsNationCenterA reprieve from rising oil prices helps US stocks finish the week higher
- The HillCenterA reprieve from rising oil prices helps US stocks finish the week higher
- The Wall Street JournalCenterOil Futures End Volatile Week With Mixed Results
- Independent Journal ReviewRight-leaningEuropean Shares Log Weekly Gains as Oil Eases
- The Washington TimesRight-leaningA reprieve from rising oil prices helps U.S. stocks finish the week higher