Stocks Rally on Weakened Jobs Report and Easing Fed Fears

Global stocks saw their strongest weekly gain since May, driven by a surprisingly weak U.S. jobs report that eased concerns of a Federal Reserve interest rate hike.

The positive trend was supported by strong earnings reports and heightened interest in AI.

U.S. stocks rose on Friday, led predominantly by technology and consumer discretionary sectors, as Treasury yields dipped.

This shift reflected lowered expectations of a Fed rate increase in the upcoming month.