Both 10-year and 30-year Treasury bonds, which tumbled to record lows Wednesday, stabilized with gains Friday.
Stocks are opening broadly higher at the end of a turbulent week.
However, the yield curve up to the five-year time horizon remains fully inverted - and is strongly inverted over the next two years - with the difference between the yield on 1-year and 2-year bonds sitting at negative 23 basis points. Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs, Wells Fargo & Co and Morgan Stanley were all down between 1.5% and 2.4%.
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The Dow rose 293 points, or 1.1%, to 25,871 and the Nasdaq climbed 1.8%.
Stocks are up slightly on Wall Street at midday as the market steadies after a day of big losses.
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Stocks in Asia and Europe paved the way for the volatile day on Wall Street early Thursday after China said it would take "necessary countermeasures" if President Trump follows through on a threat to impose tariffs on more than $100 billion worth of Chinese goods on September 1.
The Dow Jones Industrial Average rose 286, or 1.1%, to 25,859. The Nasdaq rose 0.3% to 7,794.
The 10-year U.S. Treasury yield has been in perpetual decline all year. Stocks were still ended down for the week in whipsaw 1% daily moves across the Dow and the S&P 500 index saw its 7th one-day 1% move for the month. Wholesale gasoline rose 2 cents to $1.66 per gallon. The yield on 10-year Treasury rose to 1.56% from 1.52%.
Cisco Systems dropped 8.6% - one of the sharpest losses in the S&P 500 - after the technology giant gave a profit forecast that fell short of some analysts' expectations.
The early gains trimmed some of the week's losses, but the S&P 500 is still poised to shed 1% for the week and is on track to lose 3% for August.
The outlook for Germany's export reliant economy was also grim and Chinese industrial output growth cooled to a more than 17-year low, adding to headwinds for United States multinationals that rely on global demand. Besides Walmart's surge, Procter & Gamble rose 1.4% and Coca-Cola gained 1.7%. Natural gas fell 9 cents to $2.23 per 1,000 cubic feet.