Amazon.com IncImpact on stocks 2
Amazon.com Inc
Microsoft CorporationStocks were mixed on Friday, giving back much of their earlier gains, while longer-dated Treasury yields pushed to new multi-year highs after several Federal Reserve officials argued that further interest rate hikes are needed to combat inflation. The yield on benchmark U.S. 10-year notes rose 6.35 basis points to 4.727%, the highest since January 2025, and the 30-year bond yield rose 5.14 basis points to 5.2584%, the highest since mid-2007. Dallas Fed President Lorie Logan said that without modest action in the near term, the central bank will not be able to get inflation back to its 2% target, echoing similar comments by Cleveland Fed President Beth Hammack and Minneapolis Fed President Neel Kashkari. Traders are now pricing in 69% odds of a rate increase at the Fed's September meeting. The Dow Jones Industrial Average was last down 0.06% at 52,179.23, the S&P 500 fell 0.02% to 7,435.72, and the Nasdaq Composite rose 0.19% to 25,170.38.
Amazon.com Inc
Microsoft Corporation