Nasdaq and S&P fall as China woes, rate fears weigh; Dow pushes higher

News Snapshot:

Major Wall Street indices were mixed on Friday, with surging Treasury yields taking a breather, as sentiment was dampened by the turmoil in China's property sector and the growing likelihood of U.S. interest rates staying elevated for longer than expected. The Nasdaq Composite (COMP.IND) fell 0.3% and the S&P 500 (SP500) slipped 0.1%. But the Dow (DJI), which opened in the red, turned positive to trade higher by 0.1%. The S&P 500 (SP500) and Dow (DJI) were both on track to end the week ~2% lower, while Nasdaq Composite (COMP.IND) looks set to post a near 3% weekly loss. China...