Finance

The tech-focused Nasdaq Composite jumped 1.2% in Friday's trading session, marking its third consecutive positive week. A strong showing from artificial intelligence semiconductor firms and major megacap companies propelled the index toward new highs, outperforming the broader market.

Yields on U.S. government bonds initially dropped in response to the sluggish nonfarm payroll numbers. However, the benchmark 10-year Treasury yield ultimately retraced its steps to close near 5.28% as long-term inflation watchfulness and recovering energy costs kept pressure on the fixed-income market.

Digital assets enjoyed renewed upward momentum, with Bitcoin bouncing back past the $86,000 threshold. The cryptocurrency sector found support in declining bond yields and elevated investor risk tolerance following the macroeconomic data release, alongside positive technical chart patterns.