US stocks trade mixed as the Dow caps off its worst week since March

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Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020.Lucas Jackson/Reuters

  • US stocks finished mixed on Friday, with the Dow completing its worst week since March.

  • The S&P 500 and Nasdaq Composite both notched their third consecutive week of declines.

  • Meanwhile in Hong Kong, the Hang Seng Index closed in bear market territory amid China concerns.

US stocks traded mixed to close Friday’s session, as each of the major indexes capped off losing weeks amid a spike in bond yields.

The Dow lost more than 2% for the week, completing its worst week since March, while the S&P 500 and Nasdaq Composite both saw their third straight losing weeks.

The weekly declines came as the 10-year US Treasury yield on Thursday hit the highest level since 2007 on signs the Federal Reserve remains concerned about inflation and is open to more rate hikes.

Meanwhile in Hong Kong, the Hang Seng Index entered bear market territory as traders have been responding to fears about China’s economy and property sector.

Chinese government data in recent weeks has revealed deflation, softening trade, and an unsteady housing sector. On Thursday, China Evergrande, the world’s most heavily indebted developer, filed for Chapter 15 bankruptcy protection.

Here’s where US indexes stood as the market closed at 4:00 p.m. on Friday: 

Here’s what else is going on: 

In commodities, bonds, and crypto: 

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