Oil Price Drop Brings Calm to Wall Street Amid Bond Market Pressure
A cooldown in oil prices has brought some calm to Wall Street on Friday, but pressure from the bond market remains.
The S&P 500 added 0.3% after flipping between modest gains and losses earlier in the day.
This comes after a three-day losing streak marred by big swings caused by rising bond yields.
Oil prices have been yo-yoing on uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East.