Stocks turned higher in the final hour trading, looking to close out the week on a high note, but major averages were still poised for weekly losses.
U.S. Treasury yields on benchmark 10-year notes pushed above the psychologically-important 2.50 percent mark.
European shares closed mixed on Friday, having wavered throughout the day, with concerns remaining about slow growth, low inflation and hefty valuations.
U.S. futures fell even as concerns about the crisis in Ukraine and a tightening global oil market kept prices near 2-1/2-week highs.
The dollar extended losses against the yen, trading near two month lows and putting it on course for a big weekly loss.
Gold settled lower as US jobs and factory data indicated brighter prospects for the economy, hurting the metal's appeal as an investment hedge.
The euro was back against the dollar on Friday, rebounding from a 2-1/2-month trough as investors booked profits on bearish positions.
Stocks finished sharply in the red Thursday, with the Dow down triple digits, weighed down by disappointing earnings from a handful of retailers and weak economic reports.
U.S. stock index futures shaved their losses following a better-than-expected jobless claims report, though disappointing earnings from Wal-Mart weighed.
U.S. Treasurys edged lower on Thursday, after a closely watched reading on April inflation showed prices rising.
European shares closed lower on Thursday, as GDP data disappointed.
U.S. bonds rose on Tuesday, with yields falling after lackluster U.S. data fanned new concerns about the pace of the recovery.
Asian equities were mixed on Thursday as robust growth figures from the world's third-largest economy failed to lift sentiment.
U.S. stocks dipped on Wednesday, with the Dow and the S&P 500 coming off record highs.
Bond yields fell to six-month lows, breaking out of a recent range, as expectations the ECB will cut rates sparked a global fixed-income rally.
European shares closed mixed on Wednesday, after wavering throughout the day, with investors eyeing European Central Bank policy.
Oil traded near three week highs, supported by a draw on stocks in the United States and the deteriorating situation in Ukraine.
Gold ended above $1,300 an ounce on Wednesday after the dollar and global equities came under pressure.
Asian stock markets kicked off Wednesday mixed, with Australia in focus following the release of the country's federal budget.
Gold ended below $1,300 an ounce on Thursday, as strong US data countered the safe-haven boost from flat European stocks and international turmoil.
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Brazil's central bank raised interest rates, a move that signals President Rousseff could make more market-friendly policy changes.
Asia's export growth has stalled since a post-financial crisis recovery, faced with a combination of weak global demand and structural changes, HSBC said.
Oil titan Harold Hamm tells CNBC: Don't believe the hype. "There's not a glut in the market at all."