Finance

Major Wall Street benchmarks posted solid gains following the publication of weaker employment figures, which prompted a downward shift in bond yields. The tech-heavy Nasdaq Composite led the upward move with a 1.2% gain, while the S&P 500 rose 0.7% and the Dow Jones Industrial Average added 0.5%. Yields on 10-year Treasuries pulled back to 5.18% after recently hovering near 24-year highs.

Bitcoin climbed over 3% to trade near $86,400 on Friday, marking its third consecutive week of positive performance. The cryptocurrency is benefiting from historical October seasonal trends alongside shifting macroeconomic expectations generated by the latest U.S. payroll reports. However, the flagship digital asset still stays slightly below its yearly opening price following a highly volatile first half of 2026.

Strong earnings performance and sustained investment in artificial intelligence continue to heavily support equity indices, particularly within the tech landscape. Large-cap technology companies and chip producers provided vital market leadership, helping defensive investors look past lingering macroeconomic uncertainties and high borrowing costs.