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S&P ends lower for the week as bitcoin rises and bond moves lag
The S&P 500 finished the week with a loss even as crypto jumped, indicating investors kept bond-market focus on Treasury borrowing cost plans.
Bitcoin rose sharply while the broader market posted a mixed tone, according to WSJ Markets.
In the same session, bond markets showed limited reaction to Treasury efforts aimed at curbing borrowing costs.
As trading wrapped up, the S&P ended Friday with a weekly loss, reflecting pressure across the equity index despite the crypto strength.
Latest closeBitcoin $78,478.19 ▲7.5%
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