Global Markets Surge as Weak U.S. Jobs Data Calms Rate Hike Fears

U.S. equities climbed on Friday, anchored by heavy gains in the technology and consumer discretionary sectors. The rally coincided with a notable retreat in Treasury yields, a direct response to data suggesting the U.S. economy may be slowing enough to discourage aggressive monetary tightening. This pivot in sentiment allowed traders to largely ignore regional warnings of potential coordinated attacks in the Middle East, prioritizing domestic economic signals over external security risks. The combination of cooling jobs numbers and sustained enthusiasm for AI-related assets has created a rare moment of optimism, allowing markets to sustain a broad-based recovery that bucked the month's earlier volatility.