US equities surged to fresh records on Friday after a much weaker-than-expected US jobs report sharply cooled Fed rate-hike expectations, with Non-Farm Payrolls badly missing forecasts. The Dow, S&P 500 and Nasdaq all closed at record highs, with the tech-heavy Nasdaq outperforming as lower yields supported growth stocks. Treasury yields fell across the curve and the dollar weakened as traders scaled back bets on further tightening. Gold surged as a major beneficiary of the softer dollar and falling yields, while oil edged higher amid continued uncertainty over the Strait of Hormuz.
📊 Equities
US equities surged to fresh records on Friday after a much weaker-than-expected US jobs report sharply cooled Fed rate-hike expectations, with Non-Farm Payrolls badly missing forecasts. The Dow, S&P 500 and Nasdaq all closed at record highs, with the tech-heavy Nasdaq outperforming as lower yields supported growth stocks. The Dow rose 0.28% to 54,036, the S&P 500 gained 0.62% to 7,757, and the Nasdaq climbed 1.30% to 26,690.
🛢️ Oil
Oil edged higher amid continued uncertainty over the Strait of Hormuz, with Iran setting conditions for reopening the key shipping route. Brent rose 1.28% to $83.55, while WTI gained 1.15% to $78.18.
🥇 Gold
Gold surged as a major beneficiary of the softer dollar and falling yields, rising 2.42% to $4,341.71.
💵 FX & Bonds
Treasury yields fell across the curve and the dollar weakened as traders scaled back bets on further tightening. The USD fell 0.33% to 99.60, the 2-year Treasury yield eased 5.0 bps to 4.195%, and the 10-year Treasury yield eased 3.2 bps to 4.645%.
| Market | Change | Close |
|---|---|---|
| Dow Jones | +0.28% | 54,036 |
| S&P 500 | +0.62% | 7,757 |
| Nasdaq | +1.30% | 26,690 |
| USD Index | -0.33% | 99.60 |
| US 2Y Treasury | -5.0 bps | 4.195% |
| US 10Y Treasury | -3.2 bps | 4.645% |
| Brent Crude | +1.28% | $83.55 |
| WTI Crude | +1.15% | $78.18 |
| Gold | +2.42% | $4,341.71 |
📌 Today’s Focus
With the major jobs report behind us and a quiet macro calendar ahead, focus shifts back to geopolitics — particularly any developments around the Middle East and the Strait of Hormuz.
🔹 Japan – BoJ Summary of Opinions