Stock Market Today: Dow Holds Steady Amid Bond Yield Surge, China Bitcoin Crackdown
U.S. stocks’ recent rebound appeared to have taken a pause on Friday, as major indexes were little changed. Elsewhere, bond yields continued to climb and cryptocurrencies sold off.
By afternoon, the Dow Jones Industrial Average was nearly unchanged, after the benchmark rallied 506 points on Thursday. The S&P 500 was also hovering around the flatline, while the Nasdaq Composite declined 0.2%.