Software lifts Nasdaq even as fed hike, rising yields pressure stocks

[Zscaler, CrowdStrike, Palo Alto Networks, CyberArk. Assorted American cybersecurity company] Robert Way The Nasdaq Composite (COMP:IND) ended the week at 26,511.01, up 92.72 points, or 0.35%, on Friday, as technology stocks recovered from a midweek selloff as Treasury yields topped 5% and oil prices remained above $100 a barrel. The index came under pressure on Wednesday after the Federal Reserve raised its policy rate by 25 basis points, its first rate increase since 2023. Among the biggest weekly gainers, Strategy (MSTR [https://seekingalpha.com/symbol/MSTR]) rose 17.52% as the SEC's Thursday decision granted temporary conditional relief allowing certain venues to facilitate trading in tokenized U.S. stocks.