Dow slammed again | Rising rate fears linger | What will Buffett say this weekend?

The Dow Jones Industrial Average swung wildly Friday to close near its session low as Wall Street struggled to shake off fears of rapidly rising rates.

VIEW IN BROWSER | SUBSCRIBE FRI, FEB 26, 2021 EVENING BRIEF AS OF FRI, FEB 26, 2021 • 04:45 ET DJIA 30932.37 -1.50% -469.64 S&P 500 3811.15 -0.47% -18.19 NASDAQ 13192.34 +0.56% +72.91   Most Active DOW NAME LAST CHG %CHG AAPL 121.26 +0.27 +0.22% INTC 60.78 +0.38 +0.63% MSFT 232.38 +3.39 +1.48% S&P 500 NAME LAST CHG %CHG AAPL 121.26 +0.27 +0.22% GE 12.54 -0.22 -1.72% T 27.89 -0.74 -2.58% NASDAQ NAME LAST CHG %CHG AAPL 121.26 +0.27 +0.22% AMD 84.51 +2.09 +2.54% TSLA 675.50 -6.72 -0.98%   EDITOR'S NOTE The Nasdaq Composite rebounded on Friday slightly from its biggest one-day sell-off since October on Thursday. However, the technology-heavy index still fell more than 4% for the week, pressured by rising interest rates.   The Dow Jones Industrial Average and S&P 500 fell, bringing their week-to-date losses to about 1.7% and 2.5%, respectively. The 10-year Treasury yield was the story this week. The yield on the benchmark 10-year got as high as 1.6% on Thursday.   Economists and investment managers believe the bond market is moving on faster-than-expected economic growth as the Coronavirus vaccine rollout boosts GDP forecasts. However, the move in yields could also signal hotter inflation ahead, which could weigh on equity valuations.   Late Friday at the close, the yield eased and Treasury prices increased, perhaps as investors found those yields attractive and rotated some money over into bonds. That kind of asset allocation behavior could also keep a lid on future rate increases. Maggie Fitzgerald | CNBC Markets Reporter @mkmfitzgerald TOP NEWS  Dow drops more than 460 points to end losing week on rate fears House set to approve Biden's $1.9 trillion stimulus package, send bill to the Senate CDC director warns recent decline in U.S. Covid cases may have stalled as variants spread These stocks will shine as bond yields rise, says Credit Suisse Art Cashin expects more stock pain as traders worry about Fed losing control of bond market U.S. says Saudi crown prince approved Khashoggi killing, imposes visa restrictions on 76 Saudis Warren Buffett's highly anticipated annual letter arrives Saturday. Here's what to watch for J&J says two trial participants had severe allergic reactions after getting Covid vaccine Dow falls 560 points amid surging yields, Nasdaq sheds 3.5% in worst sell-off since October GOP warns Biden against relying on party-line vote for big bills, but Democrats are wary of obstruction   TOP VIDEO Vanguard CIO Greg Davis on the interest rate shock to the markets   CNBC PRO Here were the winning and losing investments during the last major rate spike for markets   SPECIAL REPORTS Coinbase prospectus lacks key trading details for investors who want in on the direct listing How to watch the 2021 Golden Globes without cable   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS