S&P 500 Targets 7th Weekly Gain, Yields Rise, AI Slip
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- S&P 500 is on pace for a seventh consecutive weekly gain despite a Friday pullback, as the market digests a sharp bond sell‑off.
- 10‑year Treasury yield rose to roughly 4.6% and the 30‑year yield topped 5.1%, its highest level since last May, driving profit‑taking in high‑growth stocks.
- Nvidia saw gains recede as AI‑heavy stocks like Arm, Broadcom, Corning, and Eaton sold off after oil climbed above $105 per barrel.
- Palo Alto Networks topped the portfolio’s weekly gainers, joined by CrowdStrike, Qnity, Nvidia, and Cardinal Health as cybersecurity and earnings drove up.
- Boeing fell among the biggest losers after Trump’s announced 200‑jet deal lacked detail and fell short of the expected 500‑jet order.
Why it matters: Investors in the S&P 500 benefit from continued weekly gains, while AI‑focused funds face pull‑backs as yields climb; Boeing’s missed jet order hurts aerospace earnings, and higher mortgage rates pressure Home Depot sales.
