A rally in big technology shares led stocks higher Friday as investor extended the buy the dip move after last week's losses. The Dow Jones industrial average gained 0.5 percent, the S&P 500 rose 0.8 percent, and the Nasdaq was up 1.0 percent to set another record closing high. The Dow and S&P 500 were approaching their record closing highs as well. US Treasury yields and the dollar rose while oil prices declined.

Apple was the day's big winner to lead tech stocks up for a second straight day after the firm pledged to boost its US manufacturing. Other Magnificent 7 stocks rallied Friday too. The selloff on weak US employment figures last week gave way to extended bargain-hunting this week as concerns about tariffs and a slowing economy appeared to recede.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.