What Moved Markets This Week

Wall Street closed the trading week mixed, as Broadcom ( AVGO ) posted its latest earnings in a week where yields and rates remained in focus after the latest nonfarm payrolls report landed.

Broadcom ( AVGO ) shares fell after the software and semiconductor giant issued weaker-than-expected fourth-quarter guidance that overshadowed a strong third-quarter report.

Treasury yields and interest rates stayed in focus after Federal Reserve Governor Christopher Waller said there is still a case for patience before deciding whether to raise rates.

U.S. employers added +162K jobs in the latest nonfarm payrolls report, well above the +55K gain economists had expected. The prior month was also revised higher, to a +21K increase from an originally reported decline of -23K, the Bureau of Labor Statistics reported.

For the week, the blue-chip Dow ( DJI ) fell -0.27% , the benchmark S&P ( SP500 ) added +0.09% , and the tech-heavy Nasdaq Composite ( COMP:IND ) pushed up +0.40% .

The data center boom is becoming a major issue in the upcoming midterm elections, with local communities pushing back on construction plans amid concerns over electricity rates and environmental impact. A recent Gallup survey found that seven in 10 Americans oppose constructing data centers for AI in their local area – and candidates running for office are latching on to the issue.

Why I'm Buying Credo Technology ( CRDO ) Again. Sandisk ( SNDK ) Is Dirt Cheap For No Good Reason . IREN ( IREN ): AI Pivot Is Finally Gaining Real Traction . RFI : Current Discount Worth Buying After The Turn . The Case For NIO ( NIO ) Is Getting Stronger After Q2 . 4 Reasons Why This ETF ( SCHD ) May Be In Trouble . Palantir ( PLTR ) Hits Our Price Target, Now Book Profits . Planet Fitness ( PLNT ): Sales Decay Is A Big Red Flag . Valero's ( VLO ) Peak Is Near, Its Time To Take Profits . Garmin's ( GRMN ) Stellar Margins Can't Last For Long .

U.S. Indices Dow -0.3% to 53,414. S&P 500 +0.1% to 7,719. Nasdaq +0.4% to 26,507. Russell 2000 +0.1% to 2,976. CBOE Volatility Index +0.7% to 14.53.

S&P 500 Sectors Consumer Staples -0.9% . Utilities +0.7% . Financials flat. Telecom -0.5% . Healthcare +0.2% . Industrials -1.1% . Information Technology +1.1% . Materials -1.6% . Energy +2.3% . Consumer Discretionary -2.1% . Real Estate -1.2% .

World Indices London +0.1% to 10,831. France -1.5% to 8,279. Germany -2% to 26,046. Japan -2.1% to 65,021. China -0.6% to 3,930. Hong Kong +0.3% to 25,651. India -1% to 76,515.

Commodities and Bonds Crude Oil WTI +9.4% to $91.22/bbl. Gold -1.2% to $4,477.2/oz. Natural Gas +1.8% to 2.94. Ten-Year Bond Yield -0.2 bps to 4.784.

Forex and Cryptos EUR/USD +0.25% . USD/JPY -2.39% . GBP/USD -0.14% . Bitcoin +1.8% . Litecoin +7.6% . Ethereum -0.3% . XRP +0.1% .

Top S&P 500 Gainers Sandisk ( SNDK ) +17% . Robinhood Markets ( HOOD ) +17% . Dell Technologies ( DELL ) +15% . Skyworks Solutions ( SWKS ) +13% . Deere & Company ( DE ) +10% .

Top S&P 500 Losers Fair Isaac ( FICO ) -19% . Edison ( EIX ) -19% . Lululemon Athletica ( LULU ) -17% . Autodesk ( ADSK ) -16% . Ciena ( CIEN ) -15% .