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Stock Market Today: Stocks Surge to Close a Volatile Week

The stock market ended a volatile week on a high note, with major indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closing higher on Friday. The Dow Jones rose by 701 points, a 2.1% increase, while the S&P 500 and Nasdaq saw gains of 2.3% and 2.6% respectively. This surge was largely driven by a significant drop in bond yields, with the 10-year Treasury yield falling to 4.577% from a peak of 4.887% earlier in the week. The decline in yields was influenced by comments from Federal Reserve officials suggesting that the recent rise in bond yields might reduce the need for further rate hikes. Additionally, positive earnings reports from companies like American Express and Fifth Third Bancorp contributed to the market's upbeat mood, although concerns about the broader economic outlook and potential future rate hikes continue to linger.

Read the Full Kiplinger Article at:
[ https://www.msn.com/en-us/money/markets/stock-market-today-stocks-surge-to-close-a-volatile-week/ar-AA1CLO83 ]