U.S. equities reached new heights following reports indicating that the labor market remains robust enough to support economic growth, while not overly strong to trigger immediate inflation concerns.

The S&P 500 saw a modest increase of 0.2%, just enough to surpass the previous all-time record established on Wednesday, marking its third consecutive week of gains, positioning it for a remarkable year reminiscent of the period following the 2000 dot-com bubble. Meanwhile, the Dow Jones Industrial Average experienced a slight decline of 0.3%, and the Nasdaq composite rose 0.8%, achieving its own new record.

In the bond market, Treasury yields softened as the latest employment data revealed stronger-than-expected hiring figures, accompanied by a slight increase in the unemployment rate.

On Friday’s performance:

The S&P 500 advanced 15.16 points, concluding the day at 6,090.27.

The Dow Jones Industrial Average retreated 123.19 points, finishing at 44,642.52.

The Nasdaq composite gained 159.05 points, closing at 19,859.77.

Additionally, the Russell 2000 index, which represents smaller companies, increased by 12.83 points, closing at 2,408.99.

Examining the weekly results:

The S&P 500 showed an increase of 57.89 points, translating to a 1% rise.

The Dow recorded a decrease of 268.13 points, or 0.6%.

The Nasdaq enjoyed a significant rise of 641.61 points, equivalent to 3.3%.

On the other hand, the Russell 2000 fell by 25.73 points, a drop of 1.1%.

Looking at the yearly results thus far:

The S&P 500 has surged by 1,320.44 points, an impressive gain of 27.7%.

The Dow has increased by 6,952.98 points, or 18.4%.

The Nasdaq has risen by 4,848.42 points, which is a substantial increase of 32.3%.

Finally, the Russell 2000 has experienced a rise of 381.92 points, or an 18.8% increase overall.