Dow Drops as Treasury Yields Rise Amid Ongoing Inflation Fears

The US stock market ended mixed on Friday as investors wrapped up a volatile week marked by the Federal Reserve's first interest-rate hike in three years.

The Dow Jones Industrial Average fell 114.74 points, or 0.22%, to 51,663.30, while the S&P 500 gained 11.53 points, or 0.12%, to 7,647.19.

Treasury yields moved higher on Friday, adding to pressure on stocks. The 10-year Treasury yield briefly climbed back above 5% after retreating on Thursday and was last up more than five basis points at 4.998%.

Oil prices remained above $100 a barrel, keeping inflation concerns elevated.