"Market Update: S&P 500 and Dow Fluctuate, Home Sales Dip Amid Rising Rates"

The S&P 500 closed in the red for a fifth day, marking its longest losing streak since October, as technology stocks struggled and bond yields climbed. The 2-year Treasury yield briefly crossed 5%, reaching its highest level since November. Economic data and earnings reports failed to boost stocks, while comments from Federal Reserve officials were hawkish. Big technology firms like Tesla, Meta Platforms, Alphabet, and Microsoft are set to report results next week, and Apple is targeting enterprise customers to showcase the usefulness of its Vision Pro. Cisco has developed an app for the "mixed-reality" headset but has only selectively distributed a small number of headsets within the company.