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In This StoryU.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%.
Suggested ReadingDraftKings CEO says he’s not making decisions based on their stock price, but looks at it every day
Suggested ReadingMeanwhile, 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-1.69%) 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+0.65%) 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 EnterpriseHewlett Packard Enterprise (HPE+1.63%) shares fell 11%, hitting a new 52-week low, as the global edge-to-cloud company issued weak guidance and initiated cost-cutting measures.
NvidiaAI powerhouse Nvidia (NVDA-2.63%) rebounded on Friday after sliding more than 5% on Thursday, possibly lifted by Broadcom’s strong earnings report.
WalgreensWalgreens (WBA+0.22%) 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.