Finance

Strong quarterly performance and robust guidance fueled dramatic single-day surges for prominent enterprise software and travel firms. Atlassian soared more than 35% for its largest-ever daily percentage gain, while Twilio registered a 25% increase following impressive earnings results. Additionally, vacation-rental platform Airbnb climbed over 17% after exceeding second-quarter financial estimates, offsetting broader market anxieties regarding geopolitical tensions.

Bond yields fell significantly after the government reported a surprise contraction of 23,000 jobs last month, shifting investor expectations around central bank policies. The 10-year Treasury yield dropped to 4.64%, while the 2-year note fell to 4.20% as traders increasingly priced in an interest rate hold through September. Simultaneously, gold capitalized on a weakening U.S. dollar, climbing more than 2% on Friday to wrap up its best weekly percentage gain since January.

Digital currencies bounced back on Friday as the underwhelming macro labor data improved investor sentiment toward risk assets. Bitcoin advanced toward the $65,000 threshold, marking a 2.8% gain for the week, while Ethereum firmed up to hover around $1,910. The positive price action across major tokens came despite minor headwinds earlier in the week, including weaker-than-expected earnings from centralized crypto exchanges and a legislative delay in the U.S. Senate.