Major stock indexes closed higher on Friday, rebounding from steep early-session declines, after Federal Reserve Chair Jerome Powell said the economy remains in good shape and the central bank is in no hurry to adjust interest rates.
The Dow Jones Industrial Average and 澳洲幸运5开奖号码历史查询:S&P 500 rose 0.5% and 0.6%, respectively, while the tech-heavy 澳洲幸运5开奖号码历史查询:Nasdaq Composite added 0.7%. The gains on Friday capped off a 澳洲幸运5开奖号码历史查询:volatile week of trading—the S&P 500 posted its biggest weekly loss since September—amid ongoing uncertainty about the 澳洲幸运5开奖号码历史查询:impact of policies coming out of the Trump White House and fears that the U.S. economy is headed 澳洲幸运5开奖号码历史查询:toward a big slowdown.
The Dow shed 2.4%🦹 this week, while the S&P 500 and Nasdaq, which each recorded their third consecutive weeks of declines, tumbled 3.1% and 3.5%, respectively.
The 澳洲幸运5开奖号码历史查询:February jobs report from the Labor Department, released early Friday, showed that U.S. employers added slightly fewer jobs than economists had anti🌞cipated while the unemployment rate inched up to 4.1%. The lackluster jobs report came as fears persist that widesprea🏅d tariffs could spur inflation, slow economic activity and harm companies that do business around the world.
Powell said during an event Friday afternoon that 澳洲幸运5开奖号码历史查询:the Fed can wait for greater clarity on the impact of government policies before shifting monetary policy, noting that the Fed's policy committee is "focused on separating the signal from the noise." He also﷽ said that the labor market remains solid and inflation is headed toward the Fed's goal of 2% per year.
"The costs of being cautious are very, very low," Powell said. "The economy's fine. It doesn't need us to do anything, really. And so we can wait, and we should wait."
The yield on the 10-year Treasury, which tends to fall when concerns about the economy rise, was at 4.31% in late trading, up from 4.28% at yesterday's close and from a low of 4.21% earlier Friday. The yield, which affects borrowing costs on all sorts of loans, 澳洲幸运5开奖号码历史查询:notably mortgages, fell as low as 4.11% e🅺arlier this week, its🥀 lowest level since October.
Among stocks leading the recovery Friday afternoon, Broadcom (AVGO) shares jumped 8.6% to lead S&P 500 gainers after the chipmaking giant reported 澳洲幸运5开奖号码历史查🦋询:better-than-expect🌠ed quarterly results fueled by booming AI-related demand. The stock had fallen more than 6% yesterday amid a broader sell-off in semiconductor stocks. Today, the iShares Semiconductor ETF (SOXX) surged nearly 3%.
Other mega-cap technology stocks were mixed. AI chipmaker Nvidia (NVDA) added nearly 2%, while Apple (AAPL) and Alphabet (GOOG) also advanced. Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META) and Tesla (TSLA) lost ground.
Some of the AI investor favorites that had been hit hard in recent days rallied on Friday. Among the winners: analytics software provider Palantir (PLTR) rose 5.5% and advertising platform AppLovin (APP) added 4%.
Other noteworthy movers included Walgreens Boots Alliance (WBA), which was up more than 7% after the drugstore chain announced late Thursday it 澳洲幸运5开奖号码历史查询:agreed to be acquired by private equity firm Sycamore Partners in a $10 billion deal. Gap (GAP) shares soared 19% after a 澳洲幸运5开奖号码历史查询:better-than-exp🍎ected quarterly report 🦹as the clothing retailer's restructuring be🥂ars fruit.
Hewlett Packard Enterprise (HPE) shares led S&P 500 decliners, plunging 12%, after the storage and server maker 澳洲幸运5开奖号码历史查询:issued a disappointing outlook, while Costco (COST) was down 6% after the 澳洲幸运5开奖号码历史查询:membership-based retailer's earning♏s came in below Wall Street expectations,
Bitcoin was trading at $86,100 recently, up from an overnight low of $84,700 but down from a high of $91,700 this morning. The digital currency fell last night after an 澳洲幸运5开奖号码历史查询:executi൩ve order from President Trump to create a St🐲rategic Bitcoin Reserve fell short of the expectations of some investors.
Gold futures were down 0.3% at around $2,920 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, rose 1% to $67.05 per barrel. The price of oil touched its lowest level since late 2021 earlier this week amid concerns about slowing economic growth.
These Were the Big S&P 500 Movers on Friday
Advancers
- The top performance in the S&P 500 on Friday belonged to shares of Broadcom (AVGO), which surged 8.6% after the chipmaker 澳洲幸运5开奖号码🌱历史查询:topped quarterly sales and profit for✨ecasts. The semiconductor firm highlighted strength in its artificial intelligence (AI) business. Broadcom's revenue guidance for the current quarter also came in ahead of consensus estimates, with the company anticipating continued strength in AI processing units and data center connectivity solutions.
- Shares of Skyworks Solutions (SWKS), a manufacturer of wireless connectivity chips for smartphones, tablets, and other devices, jumped 8.5%. The move higher came despite a class-action lawsuit alleging that the company misled investors regarding its revenue outlook. Skyworks shares plunged a month ago after the chipmaker predicted a slowdown in mobile revenue driven by decreasing business from Apple (AAPL), its largest customer.
- Walgreens Boots Alliance (WBA) agreed to a 澳洲幸运5开奖号码历史查询:$10 billion buyout deal with private equity firm Sycamore Partners, and shares of the drugstore operator popped 7.5%. Sycamore said it would pay $11.45 per share for the pharmacy chain, approximately 8% higher than Thursday's closing price. The transaction to take the company private follows a difficult period for Walgreens, which announced plans in October to close around 1,200 underperforming locations.
Decliners
- Hewlett Packard Enterprise (HPE) shares plummeted 12.0%, losing the most of any S&P 500 stock after the IT services provider issued lower-than-expected quart♉erly and full-year profit guidance. The maker of data center equipment indicated that pricing pressure on its traditional servers could strain near-term sales growth and announced cost-cutting plans that include reducing staff by around 5%.
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Hollie Adams / Bloomberg / Getty Images
- Shares of Costco Wholesale (COST) dropped 6.1% after the membership warehouse club operator reported 澳洲幸运5开奖号码历史查询:mixed financial results for its fiscal second quarter. Although revenue exceeded forecasts, boosted by higher traffic in stores and online, net income fell shy of expectations, reflecting increased merchandise costs.
- Cooper Companies (COO) missed quarterly sales estimates, and shares of the consumer medical equipment maker fell 6.6%. The company reported soft revenues in its CooperVision business in the Asia-Pacific region as well as its CooperSurgical fertility business. Stifel analysts trimmed their price target on Cooper Companies stock but maintained their "buy" rating.
Tesla Falls for 7th Consecutive Week
Tesla (TSLA) shares fell 10% this week, extending their losing streak to seven consecutive weeks.
The electric vehicle maker has seen its share price fall every week since President Trump's inauguration in January amid investor concerns about the amount of time CEO Elon Musk is spending as leader of the new Department of Government Efficiency. Tesla also appears to be suffering from 澳洲幸运5开奖号码历史查询:souring brand sentiment—sales have fallen sharply in China and Europe—as well as uncertainty about the ﷺpotential impact of tariffs.
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Jim Watson / AFP / Getty Images
Tariffs on Canada and Mexico, which Trump imposed this week before later 澳洲幸运5开奖号码历史查询:announcing delays, could "pose significant risk" to North American automakers 澳洲幸运5开奖号码历史查询:including Tesla, Bank of America analysts said recently.
Initially, Musk's close ties to Trump were viewed positively, as investors placed bets that the relationship would result in favorable policies for Tesla.
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The stock surged to a record closing high ꦡof $479.86 on Dec. 17, an increase of about 90% from its close on E🍎lection Day. With seven straight weeks of losses, the stock has since given back almost its entire post-election gain.
What Analysts Think of Oracle Ahead of Earnings Monday
Oracle (ORCL) is set to report fiscal third-quarter results after the market closes Monday, with analysts watching for revenue growth and possible commentary on the company's 澳洲幸运5开奖号码历史查询:Stargate joint venture.
Of the 14 analysts covering the stock tracked by Visible Alpha, eight have “buy” or equivalent ratings, with six giving the stock a “hold” rating. Their consensus price target of near $194 would suggest about 25% upside from Friday's close.
The cloud services giant is expected to report fiscal first-quarter revenue of $14.38 billion, up around 8% year-over-year. Adjusted earnings 🌱are expected to land at $4.29 billion, or $1.49 per share, up from $3.98 billion, or $1.41 per share, a year earlier.
UBS analysts said they will be watching for commentary on Stargate, Oracle's joint venture with OpenAI and SoftBank. Information on the up to $500 billion 澳洲幸运5开奖号码历史查询:artificial intelligence infrastructure project "has the potential to outweigh ever🌃ything else" from Oracle's earnings call, the analysts said Thursday. UBS maintained a "buy" rating and $210 ✃price target.
"Sentiment has been incrementally more positive post the [Jan. 21] Stargate announcement," Jefferies analysts said Thursday, reiterating a price target of $220.4
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Shares of Oracle are down this 🃏year but up about 35% over the past 12 months, far outpacing the Nasdaq Composite. The stock rose nearly 3% on Friday.
Nvidia-Backed CoreWeave Could Go Public Next Week
CoreWeave, a cloud computing company backed by Nvidia (NVDA), could go public as soon as next we🌠ek in what is expected to be one of the biggest IPOs in recent years.
The company is expected to aim forꦅ $4 billion in funds🐎 raised through the IPO, which would value the company around $35 billion, according to IPO research firm Renaissance Capital. That would make it one of the largest public offerings in recent years.
CoreWeave makes money by providing its clients with access to data centers, which are used to develop 澳洲幸运5开奖号码历史查询:artificial intelligence models. The company’s data centers are equipped with highly coveted chips from Nvidia, which holds a roughly 5% stake in CoreWe𓃲ave.
CoreWeave’s biggest client is Microsoft (MSFT), which accounted for 62% of its $1.9 billion in revenue last year, according to its prospectus. Its reliance on Microsoft has been a source of some concern for would-be investors, particularly after a Financial Times report this week said Microsoft “walked away 🍰from some of its commitments” with the company.
CoreWeave disputed the report, telling Investopedia "there have been no contract cancellations or walking away from commitments. Any claim to the contrary is false and misleading."
CoreWeave reported a net loss of $863 million on revenue of $1ꦡ.9 billion in 2024, which the company attributed to investments in its business.
S&P 500 Has Worst Week Since September
The S&a♍mp;P 500 just wrapped up its worst week in six months.
The benchmarౠk index shed 3.1% this week, the biggest drop since a 4.2% decline the week of Sept. 2. The S&P 500 has fallen three weeks in a row and in five of the last six weeks. Over the last three weeks, the index ha🌳s lost 5.6%.
The Nasdaq Composite's losses have been even steeper. The tech-heavy index fell 3.5% this week and has declined 9.1% over its three-week losing streak. The Nasdaq is also down in five of the past six weeks.
The Dow Jones Indu🥀strial Average fell 2.4% this week after rising 1% last week.
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So far in 2025, the Nasdaq is down 5.8%, the S&꧟P 500 has given up 1.9% and the Dow is up less than 1%.
CooperCompanies Shares Tumble After Weak Sales
CooperCompanies (COO) shares fell ๊fell sharply Friday, a day after the maker of medical equipment posted worse-than-expecte🐎d quarterly sales.
The company reported first-quarter fiscal 2025 adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 92 cents, in line with estimates from analysts who follow CooperCompanies and were polled by Visible Alpha. Its revenue rose 5% 澳洲幸运5开奖号码历史查询:year-over-year to $964.7 million, missing 澳洲幸运5开奖号码历史查询:estimates.
The share-price decline came ev♏en as the California-based company raise💯d its full-year earnings outlook, forecasting fiscal 2025 adjusted EPS in the range of $3.94 to $4.02, up from a $3.92 to $4.02 range. The range was within consensus estimates of $3.99, though the midpoint was a bit below it.
CEO Al White said the company’s results met its revenue expectations and surpassed operational targets. The company, which has two business units—CooperVision and CooperSurgical—also projected fisc📖al 2025 total revenue between $4.08 billion and $4.16 billion, up between 6% and 8% year-over-year. Analysts polled by Visible Alpha were looking for $4.1 billion.
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CooperCompanies shares were down 6% in recent trading. The stock hit its lowest level since late 2023 earlier in the day and is down 16% over the past 12 months.🧔
Intuitive Machines Sinks for 2nd Day on Moon Mission Mishap
Shares of Intuitive Machines (LUNR) crashed for a 澳洲幸运5开奖号码历史查询:second straight session as the space exploration firm's lunar lander ran into difficulties after touching down on the Moon's surfa🔯ce, ending thꩲe mission.
The company said the IM-2 "Athena" craft came down 250 meters (820 feet) from its intended landing site, ending up in a crater. Pictures sent from Athena showed it was on its side.
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Manuel Mazzanti / NurPhoto / Getty Images
Intuitive Machines said that because of the direction of the sun, the orientation of the solar panels, and extreme cold temperatures in the crater, the company "does not expect Athena to recharge," and the mission has concluded.
Intuitive Machines noted that while Athena was operational, ground controllers were able to accelerate several program and payload milestones, including NASA's Prime Resources Ice Mining Experiment-1 (PRIME-1) suite.
The company added that it was studying the data provided, and the work of Athena in the southern pole area of the Moon "will open this region for further space exploration."
Despite diving 20% each of the last two sessions, Intuitive Machines shares remain up꧑ about 75% over the past 12 months.
McDonald's Stock Hits All-Time High
McDonald's (MCD) shares hit an intraday record high Friday, continuing their unsteady climb since an 澳洲幸运5开奖号码历史查询:E. coli outbreak last October.
Shares in the Dow Jones Industrial Average component were up 3.1% at around $320 in recent trading, surpassing the previous intraday high of $317.90 set on Oct. 21, the day before the Centers for Disease Control and Prevention (CDC) said doz🍬ens of cases of E. coli infection had been reported across several states.
Shares of the fast-food giant fell to as low as $276.53 on Jan. 16, but have risen about 16% since. They climbed nearly 5% in a single session on Feb. 10, when the company reported global 澳洲幸运5开奖号码历史查询:comparable sales returned to growth 澳洲幸运5开奖号码历史查询:in the fourth quarter.
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The stock has gained 10% over the past 12 months, in line with the Dow's performance over the period.
Nasdaq Plans to Launch 24-Hour Trading Next Year
The Nasdaq (NDAQ) exchange plans to move to offering 2🎃4-hour trading, Monday through Friday, in a move that could make U.S. markets more accessible.
The exchange has begun speaking with regulators and anticipates round-the-🔯clock trading going into effect in the second half of 2026, Nasdaq President Tal Cohen said Friday in a post on LinkedIn.
The goal is to “enhance access for those operating across different time zones,” Cohen said, with retail investor interest in U.S. markets higher than it’s ever been. Foreign holdings of U.S. equities reached $17 trillion in June, nearly double the level of investment just five years earlier, Cohen💃 noted.
In October, the 澳洲幸运5开奖号码历史查询:New York Stock Exchange announced a similar plan to extend trading on its digital exchange to 澳洲幸运5开奖号码历史查询:22 hours a day, from 1:30 a.m. ET to 11:30 p.m. ET.
The 澳洲幸运5开奖号码历史查询:Securities and Exchange Commission, the federal agency tasked with reg♐ulating U.S. markets, declined to comment.
Gap Stock Soars as Turnaround Plan Bears Fruit
Gap Inc. (GAP) shares soared Friday after the clothing retailer posted better-than-expected profit and sales in the key holiday period as its 澳洲幸运5开奖号码历史查询:turnaround plan continued to produce positive results.
The company behind the Gap, Old Navy, Banana Republic, and Athleta brands reported fourth-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.54, while Visible Alpha consensus called for $0.36. Revenue fell 3.5% year-over-year to $4.15 billion, but that also exceeded forecasts🉐.
澳洲幸运5开奖号码历史查询:Comparable store sales increased 3%, well above the Visible Alpha expectation of 0.68%. CEO Richard Dickson noted that Gap had positive comparable sales in all four quarters of 2024, and "achieved one of the highest 澳洲幸运5开奖号码历史查询:gross margins in the last 20 years."
Dickson said in an interview with Yahoo! Finance that he's not overly concerned about new Trump administration tariffs, saying that "regardless of inputs and tariffs and everything else, there's always winners and losers. Our market share performance is showing us that we are doing what's right."
Gap anticipates full-year sales growth of 1% to 2% from 2024's $15.09 billion.
Shares of Gap entered Friday's session essentially flat over the past 12 months before soaring 12% in recent trading.
Hewlett Packard Enterprise Shares Plunge on Weak Guidance
Hewlett Packard Enterprise (HPE) shares plunged Friday morning, a day after the information technology provider gave weak guidance and began😼 cost-cutting measu🌟res.
The company expects current-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.28 to $0.34, and full year of $1.70 to $1.90, Analysts surveyed by Visible Alpha were looking f🌜or current-quarter adjusted EPS of $0.50 and full year of $2.12.
In the fiscal 2025 fiꦍrst quarter, HPE posted adjusted EPS of $0.49, also short of forecasts. Revenue increased 16% year-over-year to $7.85 billion, slightly above forecasts.
CEO Antonio Neri said that while the company "has a proven track record of consistent, disciplined execution," it "could have executed better in some areas in the quarter."
HPE also announced that it was launching a cost-reduction plan "to reduce structural operating costs and continue advancing its ongoing commitment to profitable growth." It added that "the program is expected to be implemented through fiscal year 2026 and deliver gross savings of approximately $350 million by fiscal year 2027 through reductions in its workforce."
To that end, Neri said on the earnings call that "we plan to reduce our employee base 5% over the next 12 to 18 months through the reduction of approximately 2,500 positions and expected attrition," according to a transcript provided by AlphaSense.
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Hewlett Packard Enterprise shar🌠es were down 15% recently, trading at their lowest level in 🍰more than a year.
Broadcom Surges on Strong Earnings, Outlook
Broadcom (AVGO) shares surged Friday after the chipmaker posted quarterly results and an outlook that topped analysts’ expectations on the back of robust demand for its A🔥I semiconductors.
Broadcom reported adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.60 on revenue that grew 25% year-over-year to $14.92 billion, both 🏅above Visible Alpha expectations. Its current-quarter projected revenue of 🌳$14.9 billion came in slightly ahead of the consensus.
The company said its A𓂃I 🐎revenue jumped 77% in the quarter, with projections showing continued improvement in that area.
Citigroup stuck with its buy rating on the stock “given upside from AI” and $220 price target, noting that the chipmaker's AI strength would offset any potential “downside” from sanctions on TikTok parent ByteDance and any loss of the business of supplying radio-frequency chips to Apple (AAPL). Both China's Bytedance and the Apple RF chip business are projected at around 2% of Broadcom’s fiscal 2025 sal🌞es, Citi said.
U.S. President Donald Trump has an April 5 deadline for TikTok to be sold or banned, although The Hill cited him as saying Thursday🥂 that it could be extended🅺 if a deal isn’t reached.
Broadcom shares have struggled at the start of this year given mounting concerns over tech giants' big 澳洲幸运5开奖号码历史查询:AI spending and uncertainty about the potential impact of the Trump administration’s ꦺpolicies on tariffs and AI chip export curbs.
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The stock was up nearly 4% at ෴$186.50 in recent trading. Over the past 12 months, shares have gained about 32%, far outpacing the performance of the S&P 500 over that stretch.
Walgreen's Shares Jump on $10 Billion Deal to be Taken Private
Walgreens Boots Alliance (WBA) shares jumped after the drugstore chain🧔 agreed to be take꧅n private in a $10 billion deal with private equity firm Sycamore Partners.
Sycamore said it would pay $11.45 per share for the company, about 8% above Thursday's closing price. The stock was up 6.5% at $11.29 in recent premarket trading.
Investors could also receive up to $3 more per share in proceeds fr🎃om the eventual sale of Walgreens’ primary care businesses, the company said, which could raise the value of the deal up to nearly $24 billion. The transaction is expected to close in the fꦬourth quarter of 2025.
Walgreens shares rose earlier this year following 澳洲幸运5开奖号码历史查询:previous reports of talks to take the drugstore chain private. The deal comes after a tough stretch for Walgreens, which announced in October a 澳洲幸运5开奖号码历史查询:plan to shutter some 1,200 "un♕derperforming" stores ovꦜer the next three years. Its stock had lost about half its value in the past year though Thursday's close.
Major Indexes on Pace for Worst Week of 2025
Heading into Friday's session, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite are each on track to post their biggest weekly losses of the year.
The Dow is down 2.9% so far this week, while the S&P 500 and Nasda🌠q have declined 3.6% and 4.1%, respectively.
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So far in 2025, the Dow is just barely clinging to gains, up 0.1%. The S&P 500 is down 2.4% year-to-date, while the Nasdaq has dropped 6.4%.
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Major Stock Index Futures Higher
Futures tied to the Dow Jones Industrial Averaᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚge were up 0.1%.
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S&P 500 futures also added 0.1%.
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Nasdaq 100 futures were up 0.2%.
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