The Nasdaq Composite reached an all-time high on Friday, climbing 0.56%, primarily driven by gains in major tech stocks. In contrast, the S&P 500 dipped slightly by 0.03%, and the Dow Jones Industrial Average fell 259.96 points, or 0.61%.

Despite the broader market’s mixed performance, tech stocks maintained upward momentum ahead of upcoming earnings reports. Nvidia shares rose about 0.7%, and stocks of other tech giants such as Meta, Amazon, Microsoft, and Netflix also saw gains. Conversely, HCA Healthcare experienced a 10% decline due to hurricane disruptions affecting its quarterly earnings and full-year guidance, while Colgate-Palmolive’s shares dropped 4% after lowering its sales estimate for the year.

The 10-year Treasury yield moderated from three-month highs, trading around 4.21% on Friday, down from earlier levels above 4.25%. Market analysts indicated that rising yields had created uncertainty, impacting equity markets despite decent earnings reports.

As earnings season progresses, investors are cautious ahead of significant upcoming economic indicators, including next week’s payrolls report, which may influence Federal Reserve rate cut expectations. The S&P 500 recorded its first week of losses since early September, while the Nasdaq 100 added 0.7%.