Finance

The tech-focused Nasdaq Composite outperformed other major benchmarks with a 1.2% daily surge, bringing it near record territories and logging its third consecutive weekly gain. This momentum was largely sustained by hardware and artificial intelligence firms, such as Nvidia, which saw significant intraday gains. In contrast, the broader market indices finished the week with mixed results, as the Dow Jones Industrial Average and the S&P 500 posted overall weekly declines despite Friday's late rebound.

Yields on U.S. government debt fell noticeably after the release of the weak employment indicators. The yield on the 10-year Treasury note pulled back to roughly 5.16% after recently hovering near multi-decade highs above 5.3%. A dramatic drop was also witnessed in shorter-term maturities, with the 2-year Treasury yield slipping down to 4.7% as immediate monetary tightening fears subsided.

Digital asset markets posted notable upward moves ahead of the latest macroeconomic prints, pushing Bitcoin past the $86,000 threshold and lifting Ether beyond $2,700. The broader crypto landscape has been buoyed by target upgrades from major institutional firms like Citigroup alongside improving global liquidity metrics. However, analysts warn that the digital asset class faces structural resistance in October due to ongoing competition from high-yielding fixed income alternatives and shifts in exchange-traded fund inflows.