The market experienced a downturn, with the S&P and Dow Jones falling significantly, attributed to comments by Minneapolis FED President Neel Kashkari on interest rates. However, a positive jobs report led to a late-week rally. General Electric Co (GE), now GE Aerospace, outperformed the market, growing 12.50% after shedding debt from its parent company, making it more attractive to investors. The jobs report's impact on future market trends and interest rates remains uncertain, advising caution in the short term.