Finance

The tech-heavy Nasdaq Composite outperformed other major benchmarks by rising 1.3% at Friday's close, capping off its strongest weekly performance in months. Robust second-quarter financial results from enterprise software firms like Atlassian and Twilio fueled the upward momentum and reassured investors of steady demand.

The yield on the 10-year U.S. Treasury note descended to roughly 4.64% as fixed-income markets adjusted to the weaker labor data. Concurrently, the U.S. dollar index retreated near six-week lows, fueling broader appetite for risk-on assets across financial markets.

Gold futures rallied over 2% to close near $4,339 per ounce, securing its strongest weekly performance since January. Silver futures similarly witnessed an aggressive upward movement, climbing over 5% to hover around $64.69 per ounce as investors reacted to shifts in monetary policy expectations.