US stocks finished Friday mixed as a rebound in technology lifted the Nasdaq and S&P 500, while the Dow slipped. A much stronger-than-expected jobs report, alongside upward revisions to previous months, helped push Treasury yields and the dollar higher. Oil was steady as traders weighed prospects for a Middle East peace deal, while gold eased. Progress in US-Iran talks and an investigation involving Nvidia CEO Jensen Huang may shape the week’s open, with Chinese inflation and comments from Bank of England Governor Andrew Bailey on today’s calendar.
📊 Equities
US stocks ended Friday mixed. Technology shares rebounded from Thursday’s sell-off, lifting the Nasdaq and S&P 500, while the Dow edged lower. The stronger-than-expected US jobs report, together with upward revisions to previous months, added to the rise in Treasury yields and the dollar.
🛢️ Oil
Oil held relatively steady as traders weighed the prospects of a Middle East peace deal. News over the weekend that talks between the US and Iran are progressing may put pressure on prices at the open.
🥇 Gold
Gold slipped as the stronger dollar weighed on prices, easing 0.53% to $4,065.63.
💵 FX & Bonds
The stronger-than-expected US jobs report and upward revisions to previous months supported the dollar and pushed Treasury yields higher. The US Dollar Index rose 0.70% to 102.28. The 2-year Treasury yield gained 4.9 basis points to 4.512%, while the 10-year yield added 2.3 basis points to 4.857%.
| Market | Change | Close |
|---|---|---|
| Dow | -0.46% | 51,285 |
| S&P 500 | +0.31% | 7,376 |
| Nasdaq | +1.09% | 24,579 |
| USD | +0.70% | 102.28 |
| US Treasury – 2 Year | +4.9 bps | 4.512% |
| US Treasury – 10 Year | +2.3 bps | 4.857% |
| Oil – Brent | +0.03% | $98.32 |
| Oil – WTI | +0.34% | $90.83 |
| Gold | -0.53% | $4,065.63 |
📌 Today’s Focus (AEST)
It is a quiet start to the week on the economic calendar, with Chinese inflation data the main release in Asia and Bank of England Governor Andrew Bailey speaking during the US session. Headlines from the Middle East are likely to keep traders alert. An investigation involving Nvidia CEO Jensen Huang may also put some pressure on the technology sector.
🔹 Asian Session – 12.30 pm – China – CPI Data
🔹 Asian Session – 12.30 pm – China – PPI Data
🔹 US Session – 4.25 am – UK – Bank of England Governor Andrew Bailey Speaks
