Wall Street ends winning week as dollar extends longest streak since 2025

· Politics · United States

US stocks ended the week inches from record highs as investors brushed aside AI spending concerns and an energy crunch, with the Dow rising about 400 points on Friday and the Nasdaq gaining after a losing session. The dollar notched its longest winning streak since early 2025, lifted by soaring oil prices that weigh on energy-importing nations' currencies and persistent inflation fears. Ray Dalio warned the stock market's cushion against rising bond yields is shrinking as free cash flow could weaken, while elevated oil and borrowing costs have driven a widening retreat across other financial markets.

Why it matters：The divergence between record equity indexes and stress in bonds and currencies points to fragility in the global rally.

Key points

  • The Dow rose about 400 points on Friday; the Nasdaq also gained.
  • The dollar had its longest winning streak since early 2025.
  • Dalio warned earnings' buffer against rising yields is shrinking.

Sources (original reporting)

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