Wall Street Rallies to Record Highs on Soft Jobs Report, Strong Earnings

Global markets posted strong weekly gains as soft U.S. labour data reduced the likelihood of aggressive Fed tightening, lifting equities and bonds. The S&P 500 hit a fresh record, rising 3.6% for the week, while the Nasdaq gained 5.2% on strong earnings and resumed buybacks. Treasury yields fell as payrolls unexpectedly contracted, sending gold sharply higher.

In India, the RBI’s balanced policy stance and upgraded GDP outlook supported sentiment, helping Nifty end modestly higher at 24,570. The index remains in consolidation, with 24,770–25,000 as resistance and 24,430–24,380 as key support.