13.03.202613:35:18UTC+00US Stocks Rebound on Friday

US equities advanced on Friday, partially reversing yesterday’s losses as investors reassessed how the sharp rise in energy prices would affect profit margins and interest rates. The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 each gained about 0.5%.

Ongoing confrontational rhetoric between Iran and the US kept alive the risk that energy exports from the Persian Gulf could remain disrupted in the near term. Oil prices held onto their recent surge despite indications of a coordinated release from IEA stockpiles and the US decision to ease certain sanctions on Russia.

Bond yields stayed sharply higher from the beginning of the month, even after new data showed US GDP growth in Q4 was significantly weaker than expected, putting additional pressure on credit-sensitive sectors.

Chipmakers extended their recent outperformance, supported by upbeat results from Oracle and TSMC. Nvidia gained 1.6%. In defensives, Sherwin-Williams, 3M, and UnitedHealth advanced and helped lead the consumer staples and healthcare segments. Asset managers also pared earlier losses following redemption pressures in private credit funds.