A volatile week that battered Wall Street with relentless headlines ended with a whimper.

AI leaders called for a slowdown, the 10-year Treasury yield hit 5% and the Federal Reserve raised interest rates for the first time in three years. But while a tech rally helped stocks stage a brief comeback on Thursday, the major U.S. indexes showed little movement in either direction on Friday as investors continue to weigh the implications of higher borrowing costs.

The yield on the 10-year Treasury note, which hit a 19-year high earlier in the week, continued to hover around 5%, ticking up to 4.995%. The 2-year Treasury yield rose to 4.741%, the highest close since July 2024.

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