Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility.

The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70. The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.

Although all three indexes closed in the green on Friday, they finished off their highs reached earlier in the session.

“It’s the everything market,” Steve Sosnick, chief strategist at Interactive Brokers, told CNBC. “The market [is] telling you today they’re much more concerned that they’re going to miss some sort of peace in the Middle East than they are about the risks of going home long over the weekend.”

It remains unclear whether the U.S. and Iran are inching toward a deal to end their war. On Friday, a Qatari team flew into Tehran in coordination with the U.S. to help secure an agreement to end the conflict, Reuters reported, citing a source familiar with the matter.

Oil settled modestly higher Friday, but was off the peaks reached earlier in the week, as traders hoped a resolution to the Iran war could be reached soon. International Brent crude futures added 0.9% to close at $103.54 per barrel, while West Texas Intermediate crude inched up about 0.3% to settle at $96.60.

The benchmark 10-year Treasury note yield shed nearly 3 basis points to around 4.56% as of Friday afternoon. The 30-year bond yield also lost more than 4 basis points to trade around 5.06%.

Bond market volatility had weighed on stocks earlier in the week. The 30-year hit its highest level since 2007 before easing, while the 10-year touched its highest level in over a year, as traders feared a prolonged U.S.-Iran war would keep oil prices elevated and putting upward pressure on inflation.

Separately, Qualcomm shares ripped almost 12% on Friday, posting a third straight winning session. The stock gained 18.2% on the week.

The S&P 500 advanced 0.9% over the week, marking its eighth straight winning week and its longest weekly win streak since late 2023. The Dow rose 2.1% and posted its third positive week in four. The Nasdaq added 0.5% and notched its seventh weekly advance in the past eight weeks.