Weekly Market Recap - Friday, 10th May

US equities ended higher this week and largely in waiting mode ahead of next week's CPI reading. Market navigated a largely catalyst-free trading period this week with depressed volumes as it waits for next week's April CPI reading. There were both bullish and bearish narratives throughout the week. With Friday's nonfarm payrolls report below consensus, this week's claims numbers further alleviated some concerns around the economy heating up rather than cooling.