S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US stocks were mostly higher on Friday as soft jobs data dimmed risks of a rate hike by the Federal Reserve next month. The S&P 500 rose 0.3% to a record high, while Nasdaq 100 gained 0.9% and the Dow was flat. Non-farm payrolls unexpectedly fell by 23,000 from the previous month and wage growth fell, while both the unemployment and labor force participation rates fell, erasing concerns that a strong labor market was inflationary. Yields pulled back despite signals that the FOMC is more focused on the inflation side of the mandate, supporting credit sensitive equities amid the rebound for hyperscalers and banks this week. SpaceX extended yesterday’s rebound even as $101 billion in its shares were unlocked from their post-IPO holds. Meanwhile, Sandisk and Western Digital gained 2% each following their earnings-spurred selloff yesterday, maintaining volatility in the chip-producing space. Also, Berkshire Hathaway shares were flat ahead of their earnings tomorrow.
