US equities made modest gains during a quiet Friday session, while bond yields rose slightly and the US dollar fell.

The mix of vaccine news, US company earnings, stalled US re-openings, and US-China tensions has left risk sentiment in a holding pattern. US equities closed strongly, the S&P500 up 1.3% after reported COVID cases slowed. The US dollar is slightly lower and bond yields are little changed.

In a volatile US session, sentiment swung from optimism to pessimism. The S&P500 made a five-month high before erasing the gain and ending down 0.9%, and the NASDAQ100 set a record high before reversing to -2.2%). Bond yields are little changed after briefly nudging higher, while currencies are mixed.

Sentiment was moderately upbeat, positive COVID vaccine news dominating continuing case increases. The S&P500 closed up 1.1%, and bond yields rose, while currencies were mixed

Sentiment was moderately negative, amid rising COVID cases as well as a US court order on Pres. Trump’s financial records. The S&P500 is down 0.6%, bond yields are lower, and the USD is higher.

The US dollar fell against all major currencies, in an otherwise unremarkable session in Europe/US. The S&P500 is up 0.7%, commodities are slightly higher, and bond yields are little changed.

Equity markets paused after a five-day rally, the S&P500 down 1.1%. Bond yields are slightly lower, while currencies are mixed.

Sentiment was upbeat amid expectations that economies will continue to recover, despite persistent coronavirus hotspots. US services activity has recovered to normal levels, according to the ISM survey. The S&P500 is up 1.6%, the NASDAQ 100 up 2.5% to a record high. The USD underperformed.

Markets were quiet and slightly risk averse on Friday during the US holiday. The Eurostoxx50 fell 0.8%, and bonds yields fell slightly, while currencies were mixed.

A strong US jobs report boosted sentiment, although rising Covid cases and reopening halts later pared equity market gains. The S&P500 closed up 0.5%, the NASDAQ100 up 0.6% to a fresh record high. Bond yields and risky currencies were little changed overall.