Stock indexes fluctuated today, with the S&P 500 and Nasdaq 100 reaching highs due to strong US jobs report. Bond yields rose on better-than-expected Jan payrolls, reducing rate cut expectations. 10-year T-note yield increased to 4.17%. Fed rate cut chance for March now at 8%. Markets await earnings and economic data this week.

US Jan nonfarm payrolls rose by 130,000, beating expectations, with a drop in unemployment to 4.3%. Earnings season sees positive results, with 78% of S&P 500 companies surpassing estimates. Kansas City Fed President’s comments suggest a hold on rates. Overseas markets mixed. T-notes down, European bond yields lower.

Chip makers and AI-infrastructure stocks surge, lifting market. Teradata, Vertiv Holdings, Generac Holdings among top gainers. Software stocks decline, led by Atlassian and Intuit. Earnings reports today include Cisco Systems, McDonald’s, and more. Moderna drops on vaccine review refusal. Lyft, Robinhood Markets, and others see losses.

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