3 things investors need to know this week!

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As S&P Rally Broadens Beyond Tech, Profit Growth Remains Elusive: The seemingly unstoppable US stock market continues to rise despite?Big Tech’s slump, as the gains diversify to industry groups like?real estate?that struggled through the first half of the year.

The same, however, cannot be said for corporate profits. And that raises a question about how long the breadth of the rally can stay strong.

Nvidia overtakes Apple as the world's most valuable company: Nvidia (NVDA.O), dethroned Apple (AAPL.O), as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.

Nvidia's stock market value briefly touched $3.53 trillion, slightly above Apple's $3.52 trillion, LSEG data showed. Nvidia ended the day up 0.8%, with a market value of $3.47 trillion, while Apple's shares rose 0.4%, valuing the iPhone maker at $3.52 trillion.

Nasdaq closes higher ahead of a heavy week of earnings: The Nasdaq ended higher on Friday, driven by mega-cap shares, as investors awaited quarterly results from some of Wall Street's biggest companies next week. Tesla (TSLA.O), opens new tab shares rose 3.36% a day after surging 22% on the electric vehicle maker's sales forecast.

The benchmark 10-year Treasury note yield edged higher as investors awaited U.S. employment data next week for clues on the likely path of Federal Reserve interest rate cuts. Earlier this week, the yield reached a three-month high of 4.26%, weighing on the stock market.