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U.S. stocks were up on Friday as investors weighed tariff policies against signs of economic relief. As the day ended in New York, the S&P 500 added 0.5%, while the Nasdaq 100 popped up 0.7%. The Dow Jones Industrial Average advanced 0.5%.
Meanwhile, February’s jobs report came in weaker than expected. Nonfarm payrolls rose by a seasonally adjusted 151,000, an improvement from January’s downwardly revised 125,000 but below the projected 170,000. The unemployment rate ticked up to 4.1%.
Here are stocks to watch today:
Broadcom
Broadcom (AVGO-0.39%) shares surged over 8% as the company reported first-quarter earnings that exceeded analysts’ expectations and provided strong guidance for the current quarter.
Costco
Costco (COST-0.77%) shares fell 6% on Friday as the warehouse retailer slightly missed analysts’ earnings expectations. The company reported earnings of $4.02 per share, falling short of the projected $4.09.
Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE-7.84%) shares fell 11%, hitting a new 52-week low, as the global edge-to-cloud company issued weak guidance and initiated cost-cutting measures.
Nvidia
AI powerhouse Nvidia (NVDA-2.79%) rebounded on Friday after sliding more than 5% on Thursday, possibly lifted by Broadcom’s strong earnings report.
Walgreens
Walgreens (WBA-1.77%) shares rose 7% on Friday as the company agreed to a $10 billion acquisition by Sycamore Partners, marking a shift to a privately held company. Sycamore will purchase Walgreens for $11.45 per share in cash.