Rising global Treasury bond yields weighed on investor enthusiasm for U.S. equities late in the week, pulling major indexes back from record highs reached earlier after strong earnings reports from tech giants.
Higher oil prices, elevated inflation readings, and political instability in the UK contributed to the sell-off in bonds toward the end of the week.
For the week, the blue-chip Dow Jones Industrial Average slipped by 0.17 percent to close at 49,526 after crossing the 50,000 mark on May 14. The S&P 500 rose by 0.13 percent to 7,408, retreating from the 7,500 level reached on May 14. The Nasdaq Composite finished nearly unchanged for the week, while the Russell 2000 posted the steepest losses, falling by 2.37 percent….