Dow's Fourth Straight Losing Week as Iran Peace Bid sparks Friday Rally

5.23% — The 10-year Treasury yield touched that level Friday, its highest since June 2007, as the bond market continued its revolt against sticky inflation and Fed hawkishness.

Why It Matters

The Dow clawed back to trade near 51,800 on Friday, ending a three-session losing streak, but the rally came too late to rescue a fourth consecutive losing week for the blue-chip index. The catalyst: Iran offered to reopen the Strait of Hormuz within seven days of...