Finance

Technology equities led market gains, pushing the Nasdaq Composite to a fresh record high during recent trading sessions. Artificial intelligence hardware giant Nvidia achieved a new lifetime intraday peak, driving its market valuation past $5.7 trillion. Meanwhile, Micron Technology contributed to the sector's momentum by reporting fourth-quarter earnings that surged over eleven-fold year-over-year, beating consensus estimates due to robust data center demand.

Treasury yields continued an aggressive upward trajectory early in the session, with the 10-year U.S. Treasury note reaching 5.344%, its highest level since 2002, and the 30-year yield hitting a 24-year high. However, the surge in long-term yields was short-lived. Rates retreated and bond yields dropped after the weaker-than-expected employment data relieved immediate pressure on the broader financial markets.

Shares of electric vehicle manufacturer Tesla climbed 4.5% in recent trading. The upward move was fueled by an announcement that the automaker exceeded Wall Street expectations for vehicle deliveries during the third quarter. The positive performance also provided broader momentum to related advanced vehicle and aerospace holdings during the session.