US equity markets extended the rally through Friday’s close, with AI and technology leadership overpowering oil-driven inflation concerns. The S&P 500 and Nasdaq both closed at fresh records, rising roughly +2.3% and +4.5% for the week respectively, while the Dow added a smaller +0.2%. A stronger-than-expected April jobs report also supported risk sentiment, with nonfarm payrolls rising by 115,000 and unemployment holding steady at 4.3%.