US Stocks Close Mixed Amid Rising Treasury Yields and Oil Prices

The US stock market closed mixed on Friday as investors wrapped up a volatile week marked by the Federal Reserve's first interest-rate hike in three years, rising Treasury yields, and elevated oil prices.

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. The Nasdaq Composite advanced 92.72 points, or 0.35%, to 26,511.01.

Treasury yields remain elevated, with the 10-year Treasury yield briefly climbing back above 5% after retreating on Thursday and was last up more than five basis points at 4.998%. The benchmark yield had already risen above 5% earlier in the week, reaching its highest level since July 2007.

The prospect of additional rate increases could keep pressure on Treasury yields in the coming months. Oil prices retreated on Friday but remained above $100 a barrel, keeping inflation concerns elevated.