Stocks rose in early trading Friday as Treasury yields stabilized near long-term highs and oil was little changed. But the major averages are on track for weekly declines.
Stocks are attempting to stabilize after a choppy week for risk assets, with Treasury yields pulling back mid-week after the Treasury Department announced plans to increase purchases of longer-term securities.
Walmart's results loom before the open. Yesterday saw bond yields fall as the Treasury stepped in. Fed minutes revealed some willingness to raise rates if inflation doesn't cool.
Rising U.S. and global yields continue to drag the stock market, now down three days in a row. Fed minutes later could shed light on the rate debate. Target reports this morning.
Housing starts and building permits arrive this morning along with Home Depot earnings after a weak Monday that saw higher yields and oil weigh on major indexes.
The 2026 midterms could reshape control of Congress, raising the odds of divided government and near-term market volatility, but investors should stay focused on long-term goals.
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