The NASDAQ index, known for its heavy representation of technology stocks, experienced a notable rebound, gaining 0.7% after recently entering correction territory. This resurgence followed a turbulent week in the stock market, particularly for the S&P 500, which recorded its most significant weekly decline since September. The market volatility was largely driven by uncertainties stemming from President Trump’s trade policies.

Amid this backdrop, US stocks displayed a mixed performance on Friday. The Dow Jones Industrial Average climbed by 0.5%, while the S&P 500 saw a similar increase of 0.5%. The NASDAQ Composite, which had been in correction territory, managed to bounce back with a 0.7% gain. Investors closely monitored the release of the US nonfarm-payrolls report, which revealed the addition of 151,000 jobs in the previous month, slightly below economists’ expectations. Additionally, the unemployment rate inched up from 4% to 4.1%.

The tech sector, represented by the NASDAQ, has been particularly sensitive to trade tensions and economic indicators. The recent market movements have been influenced by concerns over weakening economic growth, prompting speculation about potential interest rate cuts by the Federal Reserve. Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach to rate adjustments, highlighting the ongoing policy uncertainty impacting market sentiment.

Trade war fears have continued to linger, with Trump’s decision to delay tariffs on goods from Mexico and Canada contributing to market unease. The tech industry, in particular, has been closely watched for signs of resilience and growth potential. Notably, Broadcom’s stock received a boost following a positive second-quarter forecast, signaling optimism about demand for artificial intelligence technology.

Looking ahead, market participants are gearing up for another week of earnings reports, with companies like Oracle and BioNTech set to announce their results. Additionally, retail performance will be in focus as Kohl’s and Dick’s Sporting Goods prepare to release their quarterly results. The economic calendar also includes the Job Openings and Labor Turnover Survey (JOLTS) report, providing insights into the labor market dynamics.

Amidst these developments, the stock market remains sensitive to geopolitical events, such as the ongoing conflict in Ukraine and its implications for oil prices. The broader economic landscape, including inflation concerns and trade policies, continues to shape investor sentiment and market trends. As investors navigate these uncertainties, the resilience of various sectors, including technology, will be closely monitored for indications of market stability and growth prospects.