Investors boosted tech stocks as softer employment figures reinforced expectations of steady Federal Reserve interest rates.
Stocks advanced in early trading Friday, with the Nasdaq Composite rising 0.5% as a weaker-than-expected jobs report bolstered hopes the Federal Reserve will keep rates unchanged. Treasurys rallied alongside equities, reflecting shifting rate-cut expectations.
The tech sector initially led gains but pared some advances within the first hour, while consumer discretionary stocks attracted rotation. Energy lagged as oil prices remained volatile, weighing on the sector.
SpaceX emerged as the most-researched stock on Yahoo Finance over the past month, driven by investor interest in its diverse operations and recent earnings call remarks that rippled across related equities.