Wall Street ends record setting week with gains as bond yields touch a 24 year high

The U.S. stock market finished its record setting week with gains on Friday, even as other financial markets stayed unsettled.

The S and P 500 climbed 0.6 percent for its first gain since setting its all time high three days earlier. The Dow Jones Industrial Average added 423 points, or 0.8 percent, and the Nasdaq composite rose 0.6 percent. Earlier in the week both the S and P 500 and the Nasdaq had set new records.

The strength came as oil prices kept swinging on uncertainty about when the war with Iran will let the global energy industry return to normal. Brent crude bounced between 102 dollars and 50 cents and 105 dollars before settling at 104 dollars and 72 cents a barrel, up 0.4 percent.

Treasury yields flipped up and down following their own sharp moves earlier in the week. The yield on the 10 year Treasury climbed to 5.24 percent, touching its highest level since 2002 on worries about inflation, the federal government's massive debt load, and signs the economy keeps growing. High yields make borrowing more expensive across the economy, and the average 30 year fixed rate mortgage has already leaped to its highest level in nearly three years.

On Wall Street, Humana rallied 11.6 percent and helped lift the market after reporting encouraging data about its quality ratings for Medicare Advantage plans. Companies that own cell towers were also at the front of the market, including leaps of 15.6 percent for Crown Castle and 9.3 percent for American Tower.

Investors now turn to earnings season, which kicks off in earnest next week with the big banks reporting first. Expectations are high, and analysts warn the market will punish any sign of deceleration in profit growth.