Finance

The Nasdaq Composite outperformed other major averages with a 1.2% gain on Friday, setting a fresh lifetime record during intraday trading. Renewed optimization for infrastructure spending and continuous interest in the artificial intelligence sector revitalized the technology trade. Market leaders such as Nvidia advanced alongside broader semiconductor trackers to secure the index's third consecutive weekly win.

U.S. government bond yields moved lower after hitting their highest marks in over twenty years earlier in the week. The benchmark 10-year Treasury yield pulled back to trade around 5.23% as investors responded to the sudden deceleration in job creation and sluggish monthly wage metrics. Lowered yields alleviated pressure on risk assets, providing equity markets with critical breathing room to establish gains.

Strong pricing power and exponential demand for artificial intelligence memory architecture propelled Micron Technology's recent quarterly performance. The chipmaker generated a massive eleven-fold surge in earnings per share compared to the year-ago period, comfortably exceeding Wall Street projections. The blowout report bolstered information technology equities and triggered a broad rally across chip-related exchange-traded funds.