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The equity market rallied for the second consecutive week on a better than expected jobs report and global central banks reaffirming their accommodative stance. The S&P 500 and Dow Jones Industrial Average indices both reached new all-time highs after finishing the week up approximately 2%. The NASDAQ Composite index, which has lagged for the year, surged 3.2% higher. The higher beta small-cap stocks outperformed large-cap stocks. In terms of style, large-cap growth stocks outperformed large-cap value stocks. The best performing sectors were info tech and energy, while the worst performing sectors were the defensive sectors: utilities and telecom.