Finance

The tech-heavy Nasdaq Composite led Wall Street's advances, gaining 1.2% in Friday's session and reaching a new intraday record high. Strong performances from major artificial intelligence hardware and semiconductor firms bolstered the tech index to its third consecutive weekly gain. In contrast, the Dow Jones Industrial Average and the S&P 500 finished the weekly trading cycle with losses despite Friday's bounce.

U.S. government bond yields experienced sharp drops initially following the soft employment data, pulling back from multi-decade highs and helping ease equity market pressures. In commodities, crude oil futures closed the week lower after G-7 and European nations coordinated an emergency release of 100 million barrels of diesel and crude from stockpiles. Precious metals also felt a downward trend, with weekly losses logged for both gold and silver.

The digital asset ecosystem saw steady gains, with the Bitwise 10 Large Crypto Index climbing 3% over the weekly period. Bitcoin consistently traded above major investor cost basis metrics, placing the average investor back in a profitable position. Market analytics show that leverage is beginning to rebuild across the crypto landscape, evidenced by a steady increase in futures open interest.