Wall Street Reels: Jobs Miss, Fed Bets, and Stock Swings

US:S27.SI:S&P 500
US:QQQ:Nasdaq Composite
US:DGT:Dow Jones Industrial Average

Stocks slipped Friday as weak U.S. job data heightened concerns about economic slowdown. The S&P 500 fell 0.32% to 6,481.50, the Nasdaq Composite eased 0.03% to 21,700.39, and the Dow Jones Industrial Average lost 220 points, or 0.48%, to 45,400.86. Traders now see a Fed rate cut as virtually guaranteed, with some betting on a half-point move.

US:JPM:JPMorgan
US:WFC:Wells Fargo
US:BA:Boeing
US:GE:GE Aerospace

Financials and industrials weighed on markets. JPMorgan and Wells Fargo retreated on loan growth concerns, while Boeing and GE Aerospace declined as worries of a slowing economy hit demand expectations.

US:AVGO:Broadcom
US:NVDA:Nvidia
US:PLTR:Palantir

Tech names diverged. Broadcom surged 9.4% after a strong earnings beat, sparking competition worries for Nvidia, which dropped 2.7%. Palantir slid 2%, continuing its AI-sector pressure.

US:KVUE:Kenvue

Kenvue sank 11% after reports surfaced that Health Secretary Robert F. Kennedy Jr. plans to link Tylenol use during pregnancy to autism risks in an upcoming federal report.

US:GOOGL:Alphabet
US:T:AT&T
US:EXPE:Expedia
US:RL:Ralph Lauren
US:GS:Goldman Sachs
US:MS:Morgan Stanley
US:ORLY:O’Reilly Auto
US:GE:GE Aerospace
US:AVGO:Broadcom
US:NEM:Newmont Mining
US:TKO:TKO Group
US:LULU:Lululemon
US:AMCR:Amcor

Thirty S&P 500 stocks touched fresh 52-week highs, including Alphabet, AT&T, Expedia, Ralph Lauren, Goldman Sachs, Morgan Stanley, O’Reilly Auto, GE Aerospace, Broadcom, Newmont Mining, and TKO Group. Lululemon and Amcor hit 52-week lows.

US:AAL:American Airlines
US:DAL:Delta Air Lines
US:JBLU:JetBlue Airways
US:UAL:United Airlines
US:LUV:Southwest Airlines

Airline stocks bucked the market downturn. American Airlines rose 2.6%, Delta and JetBlue gained 1.4%, United Airlines climbed 1.2%, and Southwest added 0.6% after reports said the Trump administration plans to cancel Biden-era passenger compensation rules.

US:RUT:Russell 2000

Small caps also showed strength. The Russell 2000 gained 0.8% for the week, marking a fifth straight positive streak, though it lags behind the S&P 500’s year-to-date performance.

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