Weekly Market Recap - Friday, 7-Jun

US equities were mostly higher this week, with the S&P and Nasdaq both logging their sixth gain of the past seven weeks and setting fresh record highs earlier in the week. It was another big week for big tech, with Nvidia garnering a lot of attention for its continued run higher and move above $3T in market cap. On the jobs front, a decline in April job openings and a below-consensus May ADP report played into expectations for continued softening in job creation, but Friday nonfarm payrolls were much hotter than expected (and average hourly earnings grew faster than forecast as well).