A cooldown in oil prices helped release some of the pressure that’s built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% Friday to pull within 0.7% of its all-time high set last month. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 0.5%. Stocks got a boost after the price of a barrel of Brent oil dropped below $98. That helped Treasury yields ease shortly after the 10-year yield briefly jumped near its highest level since 2007.
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