What’s Driving Markets Friday? — TradingView News
Wall Street continues to maintain a risk-off sentiment in Friday’s session, echoing the pessimism triggered by Thursday’s unexpectedly high producer inflation figures.
Major stock indices flashed red, with the tech-heavy Nasdaq 100 once again trailing, while only small caps and energy stocks managed to buck the trend and avoid losses.
The CBOE Volatility Index, or VIX, was up 5%, mimicking Thursday’s gains.
Although Treasury yields held steady around Thursday’s closing marks, the weekly surge of 20-30 basis points across all Treasury maturities marks the worst week for bonds since mid-October 2023, with the iShares 20+ Year Treasury Bond ETF 
TLT down nearly 3%.
Cryptocurrencies remained tethered to risky assets, with Bitcoin plunging by 5% and falling to $68,000 on Friday.
In the midst of market turbulence fueled by resurging inflationary fears, commodities shone brightly. The Invesco DB Commodity Index Tracking Fund 
DBC is poised to log its most robust performance since early January 2024.
While gold held steady at $2,160 per ounce, silver staged a 1.6% gain, reflecting, in part, the broader surge in industrial metals, with copper nearing a one-year-high. Oil remained stable at $80 per barrel, but it has climbed over 4% for the week, trading at its loftiest levels since early November 2023.
Friday’s Performance In Major US Equity Indices, ETFs
| Major Indices | Price | 1-Day % Chg |
| Russell 2000 | 2,040.02 | 0.0% |
| Dow Jones | 38,722.86 | -0.5% |
| S&P 500 | 5,116.29 | -0.7% |
| Nasdaq 100 | 17,810.37 | -1.1% |
| CBOE VIX | 15.19 | 5.5% |
The SPDR S&P 500 ETF Trust 
SPY was 1.1% lower to $509.37, the SPDR Dow Jones Industrial Average DIA inched 0.9% lower to $386.69 and the tech-heavy Invesco QQQ Trust QQQ fell 1.2% to $433, according to Benzinga Pro data.
Sector-wise, the Energy Select Sector SPDR Fund 
XLE and the Materials Select Sector SPDR Fund 
XLB, was the only positive performers for the day, up by 0.1% and 0.2%, respectively. The Technology Sector SPDR Fund 
XLK was the laggard, down 1.7%.
Friday’s Stock Movers
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