Stocks ended mixed on Friday, with the Dow and S&P 500 declining while the Nasdaq recovered some losses from Thursday's session. 

The S&P 500 ended Friday's session a tick below the flat line and logged its first weekly loss in three weeks. The Dow traded lower by more than 200 points, weighed down by Visa and Nike, the latter of which fell after reporting disappointing quarterly sales results. A day earlier, the Nasdaq slid by 3% for its worst session in three weeks as bond yields resurged. On Friday, the 10-year Treasury yield hovered little changed after reaching its highest level since January 2020 this week, as concerns over inflation reignited.

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Traders have been considering whether a rapid rise in inflation later this year might take place and crimp the economic recovery, or spur a near-term shift in the Federal Reserve's ultra-accommodative monetary policy. Federal Reserve Chair Jerome Powell attempted to quell markets' fears over a near-term monetary policy move earlier this week, but the risks remain on the table in the eyes of many investors.

"Chairman Powell was pretty adamant, as he had been in front of Congress as well, that he was not really inclined to do anything preemptive about inflation, but react to it if inflation becomes a problem and if we’re at full employment. We’re a long way off from that, but the bond market now is getting nervous that we could see the inflation becoming a problem before the Fed does anything about it. And that’s the little bit of a freak out that we had been seeing in bonds, and that continued [Thursday]," Steve Sosnick, Interactive Brokers chief strategist, told Yahoo Finance.

Read more at Yahoo Finance