Wall Street’s record streak gives way as oil and bonds weigh; Nvidia on deck
S&P 500’s seven-week advance is still intact heading into next week, but the rally lost steam late this week. Rising bond yields and a surge in oil prices cut into Wall Street’s run of record gains. Market gains powered by AI shares and better-than-expected earnings stalled on Friday. Oil prices jumped, Treasury yields rose, and investors faced new questions over the Fed’s ability to ease rates.