Equities & Bonds Take a Hit To Close the Week | Closing Bell

Summary

U.S. stocks and bonds both fell on Friday, with the S&P 500 down 1.2% and the 10-year Treasury yield spiking 11 bps. The selloff was broad, led by tech and materials, while energy was a rare gainer. Corporate news drove moves in Dexcom, Magnum Ice Cream, and Papa John's. Semiconductors and Ford also declined sharply.

• S&P 500 closed down 1.2%, Nasdaq down 1.5%, Russell 2000 also lower.
• Bond yields surged: 10-year hit 4.6%, 30-year above 5%.
• Dexcom (DXM) gained 6.5% on positive investor day and activist stake.
• Magnum Ice Cream jumped 11% on private equity bid speculation.
• Papa John's (PZZA) rose 6.2% on take-private reports.
• Philadelphia Semiconductor Index fell 4%, with ARM, Nova, and Intel leading declines.
• Ford (F) dropped 7.5% after a three-day rally on energy storage hype.
• Collector cars and the Buffett lunch auction were lighter segments.