Stock Market Today: S&P 500, Nasdaq turn modestly higher, Dow remains down as 10-year Treasury yield rises to 5% and oil prices hold at $100 a barrel

U.S. equities closed mixed Friday as rising Treasury yields and elevated oil prices weighed on sentiment. The S&P 500 and Nasdaq posted modest gains, while the Dow fell, logging its worst weekly performance since March. The 10-year Treasury yield climbed to 5%, and oil prices held at $100 a barrel.

The divergence between the tech-heavy Nasdaq and the blue-chip Dow underscores sector-specific pressure from higher rates. The 5% threshold on the 10-year represents a psychological level that historically dampens appetite for equities, particularly rate-sensitive growth names. Oil's persistence at the $100 mark adds inflation concerns to the mix, complicating the Federal Reserve's policy calculus.

The Dow's worst week since March—a period marked by regional banking stress—signals renewed caution among investors facing a dual headwind of tightening financial conditions and energy-driven inflation risks.