U.S. Stocks Post Winning Week as Dollar Steadies: Markets Wrap
- Favorable monetary policy outlook lends support to risk assets
- Treasury 10-year yield holds below 3% as emerging markets gain
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U.S. stocks edged higher Friday, capping the best week in two months amid growing conviction that inflation will remain tame and as trade tensions eased.
The S&P 500 Index was buoyed by telecom companies as tech shares weighed on the gauge. The dollar steadied, leaving it little changed for the week, while 10-year Treasury yields held below 3 percent. Emerging-market shares rose for a fifth day, the best streak since January. Oil slipped, but notched a second weekly advance after the U.S. quit the Iran nuclear deal.