US equity markets advanced for the week, with broad-based sector gains as resilient labor market data and optimism heading into earnings season outweighed persistent inflation concerns. The S&P 500 rose 1.2% for the week, reaching its first record high since August on Tuesday before a mid-week pullback on AI spending concerns. Treasury yields declined modestly on the week, though they remained near historically high levels. WTI crude oil rose approximately 0.3% amid volatile trading, as tanker attacks in the Strait of Hormuz drove prices sharply higher mid-week before partially retreating. Initial jobless claims fell to 197,000, the lowest level since July, while the University of Michigan’s preliminary consumer sentiment index fell to 46.3, its lowest reading since May.