Dow jumps more than 470 points Friday; stocks notch winning week despite Treasury yield surge: Live updates

U.S. equities rallied Friday, with the S&P 500 climbing 0.51% to close at 7,743, capping a winning week despite a surge in Treasury yields that rippled through financial markets. The Dow jumped more than 470 points during the session.

The week's volatility centered on the bond market, where Treasury yields surged to levels that typically pressure equity valuations. Yet stocks managed to post gains for the week, signaling either resilience in risk appetite or investors pricing in a stronger economic backdrop that justifies higher rates.

The S&P 500's Friday advance brought the index to fresh closing levels, while the Dow's 470-point gain reinforced the week's positive momentum. The divergence between rising yields and rising stocks marks a shift from recent patterns where bond market moves triggered immediate equity selloffs.

Friday's close suggests institutional buyers stepped in despite the rate backdrop, viewing the week's volatility as a buying opportunity rather than a signal to de-risk.