Stocks Settle Mixed as Bond Yields Climb

The S&P 500 Index (DOWI) (DIA) closed down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%. September E-mini S&P futures (ESU25) fell -0.06%, and September E-mini Nasdaq futures (NQU25) rose +0.41%. Stock indexes settled mixed on Friday, as higher bond yields sparked long liquidation in equities. The 10-year T-note yield rose +5 bp to 4.06%. Also, the larger-than-expected decline in the University of Michigan US S ...