• US equities caught a firm bid on Friday after a bumper NFP beat.
• The S&P 500 has pinged a new high for the week as investors pile out of safe havens to close out the trading week.
• Inflation data for the US will be the key focus moving forward as markets watch the Fed carefully.

The Standard & Poor's (S&P) 500 soared late Friday into $4,305 after markets yanked out the stopper and went full risk-on after US Non-Farm Payrolls handily beat the street, printing at a forecast-clobbering 336K against the anticipated 170K, and the previous figure was also revised higher to 227K from 187K.

US Nonfarm Payrolls soar by 336,000 in September vs. 170,000 forecast

US equities have been knocked lower as of late, crushed underfoot by rising US Treasury yields. Investors, fearing that still-high inflationary pressures will keep the Federal Reserve (Fed) stuck in a higher-for-longer rate cycle.

Next week sees US Producer Price Index (PPI) numbers and the latest draft of the Fed's meeting minutes, and investors will be turning an eye towards next week's Consumer Price Index (CPI) to re-focus on inflation pressures after Friday's focus shift