The S&P 500 index is set to achieve its fourth consecutive week of gains, marking its 13th positive week out of the last 14. This surge in the U.S. stock market is attributed to major tech earnings exceeding expectations and a stronger labor market than predicted in January, which indicates high expectations for future consumer spending. The S&P 500 reached new record highs, increasing by 0.8% during midday trading in New York. Meta Platforms Inc. and Amazon.com Inc. experienced significant boosts in their stock prices due to impressive earnings reports. The combined market value of the top seven companies now exceeds the total worth of entire economies such as Germany, Japan, and India. The January jobs report showcased impressive job growth, surpassing forecasts and leading traders to believe that interest rate cuts may not occur in March or May. This has resulted in a decrease in the anticipated number of rate cuts for 2024. Bonds suffered as yields rose across the curve, with the iShares 20+ Year Treasury Bond ETF experiencing a 2.5% decline. In terms of major indices and ETFs, the Nasdaq 100, S&P 500, and Dow Jones all experienced gains, while the Russell 2000 saw a slight decrease. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust also saw increases in their stock prices. Among sectors, the Communication Service SPDR Select Sector Fund performed well, while the Real Estate SPDR Select Sector Fund and the Utilities SPDR Select Sector Fund declined. In terms of individual stocks, Deckers Outdoor Corporation reported better-than-expected results and saw a 16% rise in their stock price, while Charter Communications, Inc. experienced a 15% decline after missing earnings. Other companies that reacted to earnings included Saia, Inc., The Cigna Group, Gen Digital Inc., Royal Caribbean Cruises Ltd., and Clorox Company.