25.09.202620:08:03UTC+00US Stocks Rise as Oil Pullback Halts Yield Surge

US stock indices finished higher on Friday as a pullback in oil prices helped halt the recent surge in Treasury yields. The S&P 500 advanced 0.5%, the Dow Jones Industrial Average gained 479 points, and the Nasdaq Composite added 0.4%.

Oil prices retreated after reports that the United States and Iran had moved closer to an agreement to lift naval blockades on tankers in the Persian Gulf and to ease certain economic measures against Tehran. Benchmark borrowing costs paused their climb after hitting multi-decade highs on Thursday.

Performance among AI-related stocks was mixed. Hardware names were mostly higher: Applied Materials rose 2.3%, and Lam Research gained 2.6%. Among the major cloud providers, Microsoft advanced 3.7% after announcing plans to consolidate its consumer and workplace Copilot AI assistants into a unified product for corporate clients, while Alphabet also ended the session higher. Meta fell 3.3% on the day but still finished the week with a gain following a series of hardware announcements tied to its Muse AI agent. Oracle declined 1.7%. Financial stocks were mostly stronger.

For the week, the S&P 500 rose 0.6%, the Nasdaq 100 jumped 2.1%, and the Dow slipped 103 points.