US stocks closed lower on Friday, with the S&P 500 off 0.2% and the Dow Jones Industrial Average down 0.4%, as rising Treasury yields offset Thursday's post-Fed rebound.
Treasury yields surged, with the 2-year yield hitting 4.744%—its highest since July 2024—and the 10-year yield back above 5.00%, reflecting growing expectations of another Fed rate hike in October.
