Finance

The tech-heavy Nasdaq Composite led Friday's market gains by climbing 1.2%, securing its third consecutive positive week. Artificial intelligence hardware giants, including Nvidia, experienced notable intraday rallies to push technology shares higher. Broadcom also advanced significantly following reports of a substantial financing push for AI chip infrastructure.

U.S. government bond yields initially tumbled upon the weak jobs data before retracing losses, with the 10-year Treasury yield closing at 5.16%. In commodity markets, crude oil futures fell on the week following a coordinated agreement by the G-7 and European nations to supply 100 million barrels from emergency stockpiles. Meanwhile, safe-haven gold prices also logged a weekly decline, slipping to around $4,170 an ounce.

Micron Technology reported an eleven-fold surge in non-GAAP earnings per share for its fourth fiscal quarter, substantially beating consensus estimates. The blowout performance was heavily supported by tight hardware supplies and massive data center demand for AI-driven memory and storage products. The company's total revenue skyrocketed by over 379% year-over-year to surpass $54 billion.