Oil Price Dip Tempers Stock Market Volatility
The US stock market remained relatively steady on Friday despite pressure from rising bond yields. The S&P 500 index added 0.3% after experiencing big swings in previous days due to increasing oil prices.
However, a recent cooldown in oil prices is giving investors some relief. The S&P 500 remains near its all-time high set last month and is on track to finish its first winning week in the past three.