### Wall Street Ends Six-Week Winning Streak Amid Mixed Earnings and Rising Treasury Yields

Wall Street concluded its six-week winning run this Friday, as rising Treasury yields and the challenging valuation landscape led to a mixed market performance amid varying earnings reports. The S&P 500 saw a slight dip of 0.03% to close at 5,808.12, and the Dow Jones Industrial Average fell by 0.61% to wrap up at 42,114.40. In contrast, the Nasdaq Composite edged higher, gaining 0.56% to end at 18,518.61, thanks largely to strong tech stock performances.

Capri Holdings Ltd. experienced one of the most significant declines, plummeting nearly 48% after a federal judge halted its acquisition by Tapestry. This development added further uncertainty for the luxury brand conglomerate, which owns Jimmy Choo, Versace, and Michael Kors. Meanwhile, Capital One surged over 6% after exceeding third-quarter earnings expectations, and Deckers Outdoor saw an impressive rise of more than 10% following a favorable annual forecast revision.

The uptick in Treasury yields put additional pressure on investor sentiment, with the 10-year yield climbing to 4.24%, making equities less attractive. For the week, the S&P 500 dropped by 1%, and the Dow tumbled 2.7%, ending a solid six-week winning streak. Conversely, the Nasdaq managed to eke out a modest 0.2% gain for the week.

European markets faced downward pressure as well, with the Stoxx Europe 600 falling by 0.033% to close at 518.81. This decline was influenced by several companies missing their earnings expectations. German automaker Mercedes-Benz, for instance, saw a nearly 4% drop following disappointing quarterly results. French spirits maker Remy Cointreau also slid about 1% after revising its guidance downward due to weaker demand from China. Even though SAP had shown strong performance earlier in the week, the overall sentiment in Europe remained cautious, and Britain's FTSE 100 decreased by 0.25%.

In Asia, the Chinese market displayed some resilience, with the CSI 300 rising by 0.70% to close at 3,956.42. Investors were closely monitoring the U.S. election while absorbing limited domestic news. The People’s Bank of China maintained its medium-term lending rate at 2%, which bolstered market sentiment after last month's significant rate cut. Similarly, Hong Kong’s Hang Seng saw a modest gain of 0.49%.

Japanese markets, however, took a slight downturn. The Nikkei 225 slipped by 0.60% to end at 37,913.92 as investors stayed cautious ahead of the upcoming Sunday elections. The political landscape added a layer of uncertainty, particularly regarding future economic policies, as the Liberal Democratic Party's continued dominance was in question. Additionally, Japan's core inflation rate slowed to 1.8%, its lowest level in five months, which led to speculation that the central bank might hold off on raising interest rates. In this mostly red market, Mazda Motor stood out, climbing 1.56%.

Overall, global markets reacted to a blend of local and international factors, signaling a complex end to the week.