Treasury Yields Spike, But Stocks Still Win the Week

Wall Street closed a wild week of trading on Friday with a surprising win. The Dow Jones Industrial Average jumped more than 470 points, and major stock indexes finished the week higher overall. The gains came even as Treasury yields surged. Treasury yields are the interest rates the U.S. government pays to borrow money. When they rise quickly, they can pull money out of stocks and shake financial markets. This week, that surge rippled across markets, making daily trading volatile. But by Friday's close, stocks had recovered enough to end the week in positive territory.