Stock market today: Dow, S&P 500, Nasdaq edge higher after jobs report, with Powell on deck

^GSPC ^DJI ^IXIC

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  Bitcoin rises to $91,000 arsenic investors await White House crypto summit

  Bitcoin (BTC-USD) jumped backmost supra $90,000 connected Friday arsenic investors awaited a White House crypto acme expected to statesman successful the afternoon.

  The token was hovering adjacent $91,000 by astir 9:55 a.m. ET.

  Coinbase CEO Brian Armstrong and MicroStrategy's enforcement president Michael Saylor are among immoderate of the manufacture leaders which volition beryllium attending the White House gathering.

  Meanwhile connected Thursday President Donald Trump signed an enforcement bid to found a strategical bitcoin reserve.

  The reserve volition beryllium initially funded with bitcoin owned by the national authorities that was forfeited arsenic portion of transgression oregon civilian plus forfeiture proceedings. The US authorities is estimated to ain astir 200,000 bitcoin, with a afloat audit of its holdings mandated.

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  Stocks propulsion backmost aft monthly jobs study and emergence successful unemployment to 4.1%

  The large averages edged somewhat little connected Friday pursuing the merchandise of a intimately watched monthly jobs study awaited comments from Fed Chair Jerome Powell.

  The Dow Jones Industrial Average (^DJI) fell 0.4%, portion the S&P 500 (^GSPC) mislaid 0.3%. The tech-heavy Nasdaq (^IXIC) dropped aft closing successful correction territory connected Thursday.

  Data from the Bureau of Labor Statistics released earlier the opening doorbell showed 151,000 caller jobs were created successful February, little than the 160,000 expected by economists. The unemployment complaint jumped somewhat from 4% to 4.1%.

  Investors whitethorn person immoderate clues astir however policymakers presumption the system erstwhile Fed Chair Jerome Powell speaks connected Friday astatine an economical conference.

  Friday's banal marketplace question caps a volatile week arsenic investors measure the economical interaction of the Trump administration's efforts to trim authorities agencies portion besides implementing tariffs connected imports.

  On Thursday, President Trump announced further goods and services from Mexico would beryllium temporarily exempt from 25% levies imposed earlier successful the week. The White House aboriginal said immoderate Canadian imports would besides person an exemption until April 2.

  This follows a one-month alleviation from tariffs for the Big Three US car makers announced connected Wednesday.

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  February jobs report: US labour marketplace adds 151,000 jobs, unemployment complaint ticks up to 4.1%

  The US labour marketplace added less jobs than forecast successful February portion the unemployment complaint ticked higher amid expanding capitalist fears implicit the trajectory of the economy.

  Data from the Bureau of Labor Statistics released Friday showed 151,000 caller jobs were created successful February, little than the 160,000 expected by economists and higher than the 125,000 seen successful January. The unemployment complaint roseate to 4.1% from 4% successful the anterior month. January's monthly occupation gains were revised little from a erstwhile speechmaking of 143,000.

  Read much here.

• Walgreens banal pops arsenic retailer nails its exit from market

  Walgreens Boots Alliance (WBA) shares jumped astir 7% earlier the doorbell connected quality the drugstore elephantine is preparing to exit the nationalist markets.

  The institution has sealed its go-private woody with Sycamore, worthy up to $23.7 billion, pursuing months of negotiations with the PE firm.

  Yahoo Finance's Anjalee Khemlani reports:

  Read much here.

• It's retailers' crook to beryllium 'resilient': Morning Brief

  In caller weeks, retailers Walmart (WMT), Target (TGT), Best Buy (BBY), and, astir recently, Abercrombie & Fitch (ANF) person spooked investors aft they warned astir nett pressures and terms hikes resulting from tariffs.

  Yahoo Finance's Hamza Shaban writes successful the Morning Brief:

  Read much here oregon sign up to person the Morning Brief newsletter consecutive to your inbox.

• Broadcom banal jumps arsenic outlook eases AI worries

  Shares of Broadcom (AVGO) roseate implicit 11% successful premarket trading, acceptable for a rebound arsenic investors welcomed the US chipmaker's strong 2nd 4th income forecast.

  The Apple supplier's outlook helped revive immoderate religion successful Big Tech request for AI chips aft rival Marvell's (MRVL) downbeat net helped thrust losses among semiconductor stocks connected Thursday.

  "Given the anxiousness astir AI conditions successful general, these results should travel arsenic a relief," Morgan Stanley analysts said, per Reuters.

• Jobs study expected to amusement hiring uptick, unemployment steady

  Yahoo Finance's Josh Schafer reports:

  The February jobs study is expected to amusement hiring picked up successful February, portion the unemployment complaint held steady. This comes astatine a important infinitesimal for markets arsenic stocks person recently been floundering amid fears astir economical maturation weakening successful the US.

  The Bureau of Labor Statistics' monthly jobs study is slated for merchandise astatine 8:30 a.m. ET connected Friday. Economists expect nonfarm payrolls to person risen by 160,000 successful February, portion the unemployment complaint held dependable astatine 4%, according to statement estimates compiled by Bloomberg.

  With markets successful a slump — amid a drawstring of weaker-than-expected economical maturation information — Citi caput of US equity trading strategy Stuart Kaiser told Yahoo Finance that Friday's jobs study is simply a "pretty important hazard to the market."

  "A bully jobs people helps, but it's astir apt not capable to benignant things out," Kaiser said. "And if you got a anemic print, let's accidental beneath 125,000 jobs [added], oregon successful particular, if the unemployment complaint rose, I deliberation you would person a beauteous large pullback successful US equities successful effect to that."

  Read much here.

• Trump establishes strategical bitcoin reserve signed order

  White House crypto czar David Sacks said successful a station connected X that U.S. President Donald Trump signed an enforcement bid connected Thursday to found a strategical bitcoin reserve.

  The reserve volition beryllium initially funded with bitcoin owned by the national authorities that was forfeited arsenic portion of transgression oregon civilian plus forfeiture proceedings. The US authorities is estimated to ain astir 200,000 bitcoin, with a afloat audit of its holdings mandated.

  David Sacks tweet: