Nasdaq 100 climbs 1.35% and S&P 500 gains 0.34% as Wall Street closes Friday higher

US stocks ended Friday, November 6, with gains led by technology. The Nasdaq 100 rose 1.35% to 26989.99, and the S&P 500 added 0.34% to 7378.9.

What happened

The S&P 500 finished at 7378.9, a gain of 25.17 points from the previous close of 7353.73. The Nasdaq 100 gained 360.18 points from 26629.81, a stronger move than the broader index.

Outside equities, the 10-year Treasury yield stood at 4.86%, up 2.3 basis points from 4.837% at the previous close. The US Dollar Index stood at 102.2780, up 0.72% from 101.5470. Gold futures stood at 4075.3, down 0.93% from 4113.5.

Two companies reported results before the open. Charter Communications posted a loss of 20.5 USD per share, against an estimate of 8.9 USD for earnings per share. Its revenue was 14.92 billion USD, against an estimate of 13.5 billion USD.

Franklin Resources reported earnings of 0.94 USD per share, against an estimate of 0.77 USD. Its revenue was 2.43 billion USD, against an estimate of 1.86 billion USD.

Why it matters

The gap between the two indexes shows that technology shares carried the session. The Nasdaq 100 gained about four times as much as the S&P 500 in percentage terms, so the advance was concentrated rather than broad.

The moves in other markets point in different directions. A higher Treasury yield raises borrowing costs across the economy. A stronger dollar can weigh on the overseas earnings of US multinationals and on dollar-priced commodities, and gold fell as the dollar rose. For investors, the session shows equity gains alongside a firmer dollar and a higher yield, a mix that links stock performance to moves in rates and currency.

What to watch next

The next focus is whether the 10-year yield, at 4.86% on Friday, keeps rising from its previous level of 4.837%. The dollar index, up 0.72% on the day, is the second reference for the direction of rates and commodities. Gold's decline of 0.93% will also be tracked against dollar moves.

On the earnings side, Charter Communications reported EPS of -20.5 USD against an estimate of 8.9 USD, while Franklin Resources reported EPS of 0.94 USD against an estimate of 0.77 USD. Further company reports will keep testing whether the technology-led rally holds.

What to expect at the open

Asia reopens on Monday morning first, followed by Europe and then the United States. The instruments to follow are the S&P 500 and Nasdaq 100 futures-linked benchmarks, the 10-year Treasury yield, the US Dollar Index and gold futures, after Friday's moves in each.