Tech Run.

U.S. stocks finished mixed on Friday, as the tech-heavy Nasdaq reached an all-time high and turned higher for the week.

?? DJIA -0.61%, S&P 500 -0.03%, ?? NASDAQ +0.56%

Stocks traded mixed on Friday. Mega-cap tech shares supported the Nasdaq Composite and helped keep the S&P 500 relatively flat, while components of the Dow Jones kept the index in the red.

Mega-cap tech stocks rose before next week's key earnings reports from Alphabet, Meta, Microsoft, Amazon, and Apple. Investors look ahead to another packed week of earnings, following a week in which one-third of S&P 500 companies reported—75% of those companies beat expectations.

U.S. Treasury yields rose on Friday as the University of Michigan preliminary consumer sentiment survey rose to a six-month high in October. The survey results reflected increasing confidence among Republicans about Donald Trump's victory in the November election.

The U.S. 10-year yield posted its largest six-week advance in roughly a year on Friday. Treasury yields have been advancing due to concerns about the U.S. government deficit and strength in the U.S. economy.

Elsewhere on the data front, U.S. durable goods orders fell 0.8% in September for another consecutive month. Core orders rose 0.5% and increased for the second month in a row. The data reflected slowing manufacturing but positive signs of business investment.

Trading on Friday:

• The U.S. 10-year yield rose 3.1 basis points (bps) to end at 4.232%—up 15.8 bps for the week.
• NYMEX WTI crude oil rose 2.27%, settling at $71.78 a barrel—up 4.50% this week.
• COMEX gold settled up 0.22% at $2,740.90 t oz—up 1.00% this week.
• The U.S. dollar advanced for a fourth straight week, traders look ahead to jobs data next week.

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Looking Ahead

It was a week of fears that simmered as the week drew to a close. Next week, investors will focus on key earnings reports from big tech and the big jobs report to determine the future path of the Federal Reserve's rate cuts. Investors will also monitor developments on the U.S. elections.

We remain positive on financial markets. Stay Tuned!

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MCF Capital Management, LLC is an independent, family-run, financial advisory firm that manages investment portfolios for individuals and businesses through Quantitative Market Data Analysis.

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THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INVESTMENT ADVICE.?

???SOURCES:?LSEG Workspace, Dow Jones NewsPlus, MarketWatch, Wall Street Journal, Barron’s, FinancialJuice, Investing .com, CNBC, Reuters, Wells Fargo Investment Institute, TradingView, Zacks