The S&P 500 rose 0.1%, while the tech-heavy Nasdaq Composite fell 0.1%. The blue-chip Dow Jones Industrial Average gained 0.3% (117 points). Friday’s trading session was shorter than usual due to the Thanksgiving holiday, with relatively light trading volume.

The S&P 500 saw a 2.2% gain for the week. The broad-based index, which booked a third straight weekly advance, has closed higher in 13 of the last 15 sessions.

U.S. stocks notched up a winning week, led by the Nasdaq Composite’s best day on Friday in more than five months. The tech-heavy index jumped 2%, its biggest one-day percentage gain since May 26th. The S&P 500 rose 1.6%, and the Dow Jones Industrial Average…

What a difference a week makes. Just over a week ago we were pushing up to the 5% level on the 10-year, and equities were breaking all sorts of support. The markets seem to have ignored the geopolitical risks and the stories of a wider story including which countries were involved and the obvious…

Markets continue to watch the growing geopolitical tensions in the Middle East. The yield on the 10-year Treasury note breached 5% for the first time in 16 years in on Monday before settling at 4.846% on Friday.

Headlines: Geopolitical turmoil, with growing tensions dominating the markets. US 10-Year rates reach 5%, 30-year mortgage rates in US, the highest level in 23 years, over 8%.

The threat of broader conflict in the Middle East and the anticipated ground invasion of Gaza has markets concerned with Gold and Oil prices on the rise. Traders also turned to safe haven assets like the USD and Swiss franc.

Last Week’s Recap: Friday saw the release of jobs data in the US, the latest sign of accelerating economic momentum. Employers added 336,000 jobs in September, the strongest gain since January and up sharply from the prior month’s upwardly revised 227,000 gains.

The main theme of the week has been higher US interest rates, with yields on the US 10-Year settling on Friday at 4.572%, and we have witnessed the implications for other markets with softness in stocks and the US Dollar index bid.

SP500 has its worst week since March, closing down 2.9% for the week. Highlight of the week was the Fed announcement, leaving a possibility of a further rate hike this year and expects to keep rates higher for longer than previously forecast.