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Dow Jones climbs 0.5% on strong Amazon gains, while Palantir rockets 27% on earnings; 10‑year Treasury yields hit 4.75%, marking the highest level since Jan
The Dow Jones Industrial Average closed Friday up 0.5% at the end of a volatile week that saw the Nasdaq rise 1% and the S&P 500 gain 0.7% [1]. The move was driven by a near‑16% surge in Amazon shares and a 27% jump in Palantir after its earnings beat, while the 10‑year Treasury yield touched 4.75%, its highest since January 2025.
| At a glance | |
|---|---|
| Dow Jones weekly change | +0.5% |
| S&P 500 weekly change | +0.7% |
| Nasdaq weekly change | +1.0% |
| 10‑year Treasury yield peak | 4.75% (highest since Jan 2025) |
Amazon (AMZN) rallied almost 16% after reporting strong cloud‑computing results, lifting the Consumer Discretionary sector more than 6% for the day [1]. Apple (AAPL) fell 7% on weaker‑than‑expected services revenue, dragging the S&P 500 and Nasdaq lower. Microsoft (MSFT) added another 3% after a prior 16% jump on earnings that beat expectations, contributing roughly $450 billion to its market cap [1]. In the same session, Palantir Technologies (PLTR) surged 27% on earnings that exceeded forecasts, briefly pushing the Dow down 0.2% in early trade [2].
The 10‑year Treasury yield rose to 4.75% before settling at 4.73% by 4 p.m. ET, a level not seen since early 2025, reflecting lingering inflation concerns despite the Federal Reserve’s decision to hold rates steady [1]. Oil prices climbed, with WTI futures up 1.4% to $84.80 a barrel and Brent above $90, after traders weighed recent Middle‑East developments [1]. The dollar index edged higher to 99.93, while gold fell 1.3% to $4,105 an ounce [1].
The week underscores how a handful of heavyweight stocks can swing the major indexes, while bond yields remain sensitive to Fed policy signals and geopolitical risk. The next data points will determine whether the upward momentum can be sustained or if markets will revert to a more cautious stance.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Aug 16, 2026 · How we report
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