Finance

The tech-heavy Nasdaq Composite led market gains on Friday, hitting a new intraday record high. The sector's momentum was heavily anchored by artificial intelligence giant Nvidia, whose stock surged to a fresh all-time high, lifting its total market capitalization to $5.7 trillion. Broader chip and tech equities also benefited from strong underlying corporate demand and recent earnings optimization.

U.S. government bond yields retreated from their recent multidecade highs after the weak jobs print was publicized. The benchmark 10-year Treasury yield, which had been hovering near 24-year highs, moved lower alongside the 2-year and 5-year notes as fixed-income investors reassessed the path of monetary policy. Despite the daily pullback, analysts note that tight financial conditions continue to monitor structural pressures from elevated federal debt.

The digital asset landscape is seeing a rebuild in market leverage, indicated by an uptick in futures open interest across major trading platforms. With Bitcoin holding stable above $83,000, data suggests that the average crypto investor remains highly profitable relative to current cost-basis metrics. Improving profitability has historically aligned with stronger performance metrics across leveraged digital asset treasury equities.