Wall Street ended the week with gains, rebounding from a turbulent stretch marked by a hawkish Federal Reserve, semiconductor volatility, and mixed Big Tech earnings. The Dow Jones rose 1%, snapping a three-week losing streak, while the S&P 500 and Nasdaq also posted weekly advances. Treasury yields climbed significantly, with the 10-year above 4.67% and the 30-year reaching 5.2%, its highest level since 2007. Microsoft and Amazon surged 21% and 17% respectively after strong earnings reports demonstrated effective AI spending strategies. Meta fell 6% due to weaker guidance and heavy capital expenditures, while Apple dropped 7% despite beating estimates, weighed down by supply constraints and memory costs.
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