Markets mixed as Bitcoin gains more than 4% and holds above $79,000

  • S&P 500 wavered Friday after its best single-day performance in six weeks.
  • Bitcoin gained more than 4% and held above $79,000.
  • Federal Reserve raised interest rates for the first time since 2023.

U.S. stocks were mixed Friday as the S&P 500 fluctuated after posting its best single-day performance in six weeks. Oil prices and bond yields were steady following the Federal Reserve’s decision this week to raise interest rates for the first time since 2023. The 10-year Treasury yield hovered near 4.98%, while November Brent crude futures traded near $104 a barrel and West Texas Intermediate rose to $103. Technology stocks were on track to finish the week relatively flat, with Nvidia up less than 1% after concerns about artificial-intelligence risks weighed on the sector earlier in the week. Alphabet and Meta were on pace for weekly gains. Bitcoin rose more than 4% to remain above $79,000, while gold held near $4,400. Yahoo Finance readers were also viewing Netflix, Draftkings (ARM), and Berkshire Hathaway. The market snapshot was based on a heat map powered by Yahoo Finance AlphaSpace data.

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