The market closed higher across the board, with the S&P 500, Nasdaq Composite, and Dow Jones all posting gains. The S&P 500 closed at 7,398.93, up 61.82 points (+0.84%), marking its 6th consecutive weekly win and extending its longest winning streak since 2024. The Nasdaq Composite closed at 26,247.08, up 440.88 points (+1.71%), while the Dow Jones closed at 49,609.16, up 12.19 points (+0.02%). The broad-based rally suggests a risk-on tone, with investors likely responding positively to a stronger-than-expected jobs report and hopes for a U.S.-Iran ceasefire.

The rally was driven by strong performances in the technology sector, with chip stocks particularly benefiting from the positive sentiment. The S&P 500's record close and the Nasdaq's 6th straight weekly gain were supported by the better-than-expected jobs report, which showed a significant increase in employment and a decrease in the unemployment rate. Additionally, the potential for a U.S.-Iran ceasefire has provided a tailwind for the market, with investors looking for opportunities in sectors that may benefit from increased geopolitical stability. Notable earnings movers included Akamai, Cloudflare, and IREN, which saw significant gains as investors reacted to their earnings reports.