US stocks trade mixed but notch weekly gains as interest rates fall ahead of Q3 earnings season

• US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings.
• The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%.
• A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits.

US stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season.

The 10-year US Treasury yield fell about 25 basis points over the course of the week from its 52-week high of 4.88% to 4.63%. The decline was sparked by a safety trade following the outbreak of war between Israel and Hamas, as well as a wave of dovish comments from Federal Reserve members.