Market digest: what moved this week
Treasury yields pushed to fresh 24-year highs again this week, and crude climbed alongside them for several sessions — WTI touched near $92 a barrel, Brent above $104 — before easing back off those highs by Friday.
Stocks rallied hard into the weekend as the bond and oil pressure that had weighed on the week eased into the close. The Dow jumped 423 points (+0.83%) Friday to close at 51,654.95, the S&P 500 added 0.59% to 7,811.54, and the Nasdaq rose 0.64% to 27,366.17. Tech and healthcare led the bounce — Palantir, Palo Alto Networks, and CrowdStrike all gained 4-5%, Merck and Gilead each added more than 2%.
Telecom stocks lagged after SpaceX agreed to acquire a nationwide spectrum portfolio, stoking competitive worries at AT&T, Verizon, and T-Mobile.
Bitcoin had the roughest week of the three by far. It fell as low as $80,365 on Thursday — down about 7.2% from Tuesday’s roughly $86,600 — as rising yields and a firmer dollar pulled money toward bonds, leveraged long positions got liquidated, and ETF outflows added to the pressure. On-chain data showed unrealized profit margins had hit their highest level since December 2024, and holders took the most profit of any week so far in 2026.
Net effect: SPY up 1.16% on the week. GLD up 1.17%. BTC down 2.36%, clawing back part of Thursday’s sharp selloff by Friday’s close.
But where do the trade signals stand for the 3 major assets?
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