Shafaqna English- Global equity markets are on track to register their most impressive weekly performance since May, following a U.S. jobs report that came in below expectations and alleviated concerns about an impending rate hike from the Federal Reserve. At the same time, robust corporate earnings and sustained enthusiasm surrounding artificial intelligence have managed to offset lingering anxieties related to the conflict involving Iran.
U.S. equities advanced on Friday, with technology and consumer discretionary sectors leading the charge, while Treasury yields declined in tandem with waning expectations for a rate hike at the Federal Reserve’s upcoming meeting. Notable outperformers by midday included SpaceX, which surged 12% on Friday and 19% for the week — despite the expiration of a significant share lockup on Thursday — and Tesla, which gained 3.8% on the day and 6.4% over the week.