U.S. Markets Close | Weak Jobs Report Dampens Rate Hike Expectations; S&P 500 Hits New Record High. Software Stocks Surge, with Atlassian Jumping 35% Post-Earnings and Palantir Rising Over 10%. Gold Rebounds Strongly Above $4,300.

The S&P 500 rose 0.59% to close at 7,755.61, the Nasdaq Composite gained 1.28% to 26,686.48, and the Dow Jones Industrial Average advanced 0.28% to 54,036.93. All three major U.S. equity indices recorded their largest weekly gains since mid-April this week. Spot gold surged 2.3% to $4,336 per ounce. WTI crude traded at approximately $77.5 per barrel, while Brent crude was around $82.5 per barrel. The yield on the 10-year U.S. Treasury note stood at 4.65%.

wallstreetcn3minutes ago

Catalyst Watch: Inflation Reads, AMAT Earnings, Google Pixel Event, and MLB on Netflix

Seeking Alpha03:00

8 Communication Services Stocks With Whale Alerts In Today's Session

Benzinga01:35

10 Information Technology Stocks With Whale Alerts In Today's Session

Benzinga01:35

Express News | OpenAI has paused development of its new model Astra over concerns that it possesses capabilities for critical cyberattacks.

Breakings00:35

AI debt frenzy faces 'indigestion' as Wall Street re-evaluates the surge in bond issuance by tech giants

Since the beginning of this year, technology giants such as NVIDIA and Amazon have raised over $200 billion in the U.S. investment-grade bond market to support AI infrastructure, marking a sharp year-over-year increase. This surge has led to widespread new-issue underperformance and weakness in the secondary market. To address this 'indigestion,' underwriters have adjusted their strategies—enhancing roadshows, targeting long-term investors, and proactively managing financing expectations to stabilize performance. Despite market pressures, demand for financing AI data centers remains robust, with an estimated $50–60 billion in new bonds expected to be issued after the U.S. Labor Day holiday, suggesting that supply-side pressure may persist.

wallstreetcn00:13