U.S. stocks closed mixed Friday as rebounding Treasury yields renewed concerns about a deteriorating macroeconomic backdrop. The S&P 500 rose 0.2% and the Nasdaq gained 0.7%, while the Dow fell 95 points. The 10-year Treasury yield rebounded as uncertainty over Middle Eastern oil supplies pushed fuel and natural gas prices higher. Energy-driven inflation has affected underlying consumer prices, prompting the Fed to hike rates this week, with most FOMC members seeing a need for another increase. Banks and asset managers declined, including Bank of America and Goldman Sachs, while heavily indebted AI hyperscalers fell amid debt issuance to fund capital expenditures. Chipmakers gained, led by Broadcom and Micron. For the week, the Dow lost 733 points, while the Nasdaq rose 2.6% and the S&P 500 gained 0.7%.