US stocks mixed, Treasury yields rise amid calming credit, trade jitters

Wall Street stocks oscillated and U.S. Treasury yields rebounded on Friday as investors assessed the health of regional banks and President Donald Trump said his face-to-face trade talks with Chinese President Xi Jinping are still on.

All three major U.S. stock indexes struggled for direction in early trading, but remain on course to notch weekly gains.

Benchmark Treasury yields and the dollar turned higher, while gold pulled back from all-time highs after a record run.

Worries over potential systemic credit problems in the banking sector abated the day after Zions  disclosed it would take a $50 million loan loss in the third quarter and Western Alliance initiated a lawsuit alleging fraud by an investment firm.

The KBW Regional Bank index  advanced 0.7% in a partial recovery from Thursday's 5.0% plunge.

Trade tensions between Washington and Beijing were calmed by Trump's assurances that his proposed 100% tariff on Chinese imports would not be sustainable. He confirmed he would meet with Chinese President Xi Jinping in two weeks in South Korea.