US stocks rebounded Friday but still ended the week lower as elevated bond yields weighed. The Dow gained ~1%; the S&P 500 and Nasdaq opened higher then faded. Healthcare and financials led; technology — the largest weight — was flat.
US market temperature sits in neutral territory — shaped mainly by elevated valuations (near the 74th historical percentile), with breadth also on the higher side (around the 65th historical percentile). No single catalyst stood out today; the market is searching for a fresh direction.