Markets end volatile week amid oil and rate concerns
The article discusses how developments in the global markets have impacted energy prices and stocks during a turbulent week. It shows that oil prices declined amid concerns over supplies from Iran and the US, despite remaining at high levels, which exacerbated inflationary pressures. In Wall Street, the Dow Jones Industrial Average rose by 0.93%, the S&P 500 by 0.51%, and the Nasdaq by 0.48%, marking weekly gains despite rising Treasury bond yields and expectations of continued tight monetary policies, with the 10-year bond yields reaching their highest levels in nearly 19 years. Gold came under pressure due to the rising dollar and bond yields, while markets await developments in energy prices and US monetary policy next week, amid global financial market tensions.
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