When the jobs numbers came in weaker than expected, investors felt less pressure for the Federal Reserve to raise rates soon. This calm helped growth‑oriented stocks climb. The Nasdaq Composite touched a fresh high before easing, and the Nasdaq‑100 closed at a record level. Overall, the market is trying to move upward, but the push comes mainly from a few large players.
This week’s highlights
- Treasury yields retreat
- Technology stocks stay in front
- Sharper chart visuals
Treasury yields ease
A softer inflation reading and the weak jobs data gave bonds a boost. Investors now expect a lower chance of a rate hike at the next Fed meeting. Treasury yields fell from recent peaks, though they finished the day a bit higher. The shift in rate expectations is beginning to help interest‑rate‑sensitive sectors such as banks, homebuilders, and real‑estate, but it’s still early days.
In the coming weeks we’ll see if yields have truly peaked. For now, technology stocks are driving the action.
Magnificent Seven keep climbing
The so‑called Magnificent Seven posted solid gains on Friday. The biggest movers were NVIDIA, Apple, Microsoft, Amazon, Alphabet, and Tesla. Meta also rose, though it lagged the others.
These gains are helping the major indexes climb, but the broader market is not keeping the same pace. Only about 45 % of S&P 500 stocks are trading above their 200‑day moving average, meaning less than half are joining the rally.
Sharper charts for a clearer view
We recently gave our charts a visual upgrade. The lines are cleaner, the annotations crisper, and the overall look feels more polished. Turn on the high‑definition chart setting to see the difference for yourself.
Enjoy the improved chart experience and have a great weekend!
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