Finance

The tech-heavy Nasdaq Composite led Wall Street's gains on Friday, jumping 1.2% to close at 27,190.86 and touching new intraday milestones. Semiconductor powerhouse Nvidia briefly hit an all-time high, allowing the technology sector to secure its third consecutive week of positive performance despite broader market volatility.

U.S. government bond yields initially dropped sharply following the soft employment indicators before reversing course to finish the week little changed. The benchmark 10-year Treasury yield hovered around 5.28%, remaining near the 24-year peaks established earlier in the week as bond investors parsed long-term inflation and manufacturing data.

U.S. crude oil futures finished the week down more than 1.5% to close near $91.11 per barrel. This decline was heavily influenced by an agreement among G-7 and allied nations to deploy 100 million barrels of crude and diesel from emergency stockpiles, easing supply shortage concerns.