{"id":129112,"date":"2025-03-07T22:33:15","date_gmt":"2025-03-07T22:33:15","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-ends-its-wild-week-with-what-else-but-more-swings-the-associated-press\/"},"modified":"2025-03-07T22:33:15","modified_gmt":"2025-03-07T22:33:15","slug":"stock-market-today-wall-street-ends-its-wild-week-with-what-else-but-more-swings-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-ends-its-wild-week-with-what-else-but-more-swings-the-associated-press\/","title":{"rendered":"Stock market today: Wall Street ends its wild week with what else but more swings – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson, File)
NEW YORK (AP) \u2014 Wall Street rose on Friday, but only after careening through another wild day. It was a fitting ending to a brutal week <\/a><\/span> of scary swings <\/a><\/span> dominated by worries about the U.S. economy and uncertainty <\/a><\/span> about what President Donald Trump<\/a><\/span> will do with tariffs<\/a><\/span>.
The S&P 500 climbed 0.6% after storming back from an earlier loss that had reached 1.3%. It was coming off a punishing stretch <\/a><\/span> where it swung more than 1%, up or down, for six straight days.
The Dow Jones Industrial Average added 222 points, or 0.5%, and the Nasdaq composite rose 0.7%. The wild week, which was the worst for the S&P 500 since September<\/a><\/span>, left the index a little more than 6% below its all-time high set last month<\/a><\/span>.
The head of the Federal Reserve <\/a><\/span> helped ease the market\u2019s worries on Friday afternoon after saying he thinks the economy looks stable at the moment, and he doesn\u2019t feel pressure to cut interest rates <\/a><\/span> in order to prop it up.
Traders in recent weeks had been building bets the Fed would have to cut its main rate more than three times this year following a stream of weaker-than-expected reports on the economy. But Jerome Powell pushed back on speculation he and other Fed officials could feel pressure to act soon.
\u201cThe costs of being cautious are very, very low\u201d right now, Powell said about holding steady on interest rates. \u201cThe economy is fine. It doesn\u2019t need us to do anything really. We can wait, and we should wait.\u201d<\/p>\n

A highly anticipated jobs report released Friday morning may have given him leeway to do just that. The U.S. Labor Department said employers added<\/a><\/span> 151,000 more jobs last month than they cut. That was slightly below economists\u2019 expectations, but it was an acceleration from January\u2019s hiring<\/a><\/span>.
Recent, discouraging surveys<\/a><\/span> had shown souring confidence for U.S. businesses and households because of uncertainty around Trump\u2019s tariffs, and economists were waiting to see if Friday\u2019s report would show if that was translating into real pain for the economy and job market.
\u201cTo sum it up: today\u2019s print wasn\u2019t as bad as feared,\u201d according to Lindsay Rosner, head of multi sector fixed income investing at Goldman Sachs Asset Management.
Some economists, though, also warned the jobs data included concerning details underneath the surface that could imply trouble ahead. The number of people working part time who would rather be full time rose 10% in February from January, for example.
\u201cThe market might breathe a sigh of relief that the labor market was still looking healthy, but a deeper dive shows that spring could be a more challenging season,\u201d said Brian Jacobsen, chief economist at Annex Wealth Management.
The whiplash actions from the White House on tariffs<\/a><\/span> \u2014 first placing them <\/a><\/span> on trading partners and then exempting some <\/a><\/span> and then doing it again <\/a><\/span> \u2014 have raised uncertainty for businesses<\/a><\/span>.
That sparked fears businesses might freeze in response to what they have described as \u201cchaos\u201d and pull back on hiring. U.S. households, meanwhile, are bracing for higher inflation because of tariffs, which is weakening their confidence <\/a><\/span> and could hold back their spending<\/a><\/span>. That would sap more energy from the economy<\/a><\/span>.
Trump said Friday he wants tariffs to bring jobs back to the United States, and he gave no indication more certainty is imminent for financial markets. \u201cThere will always be changes and adjustments,\u201d he said in comments from the Oval Office.
\u201cThere could be some disturbance,\u201d Trump said about the effect on the economy before saying, \u201cI solved a little bit of that\u201d by giving a one-month reprieve <\/a><\/span> on tariffs for Mexican and Canadian imports for automakers.
In the bond market, Treasury yields initially fell after the jobs report but rose after Powell\u2019s comments pushed traders to ratchet back expectations for four or more cuts to rates this year.
The 10-year Treasury yield fell as low as 4.22% before climbing to 4.30%, up from 4.28% late Thursday. It\u2019s been generally sinking since January, when it was nearing 4.80%, as investors have ratcheted back expectations for the U.S. economy\u2019s growth.
On Wall Street, Walgreens Boots Alliance climbed 7.5% after the pharmacy and drug store chain agreed to be acquired by private equity firm Sycamore Partners<\/a><\/span>. The buyout would take the struggling chain private for the first time since 1927 and give it more flexibility to make changes to improve its business without worrying about Wall Street\u2019s reaction.
Broadcom rose 8.6% after delivering stronger profit and revenue for the latest quarter than analysts expected. The chip company also gave a forecast for upcoming revenue that topped analysts\u2019 expectation, thanks in part to strong demand for its artificial-intelligence <\/a><\/span> offerings.
They helped offset Hewlett Packard Enterprises, which slumped 12% after reporting profit for the latest quarter that fell just short of analysts\u2019 expectations.
Costco sank 6.1% after the retailer reported a weaker profit for the latest quarter than expected.
All told, the S&P 500 rose 31.68 points to 5,770.20. The Dow Jones Industrial Average added 222.64 to 42,801.72, and the Nasdaq composite gained 126.97 to 18,196.22.
In stock markets abroad, German stocks lost 1.8% to give back some gains from earlier in the week sparked by a seismic shift in its policy on debt. The traditionally debt-averse German government appears willing to allow for much more borrowing<\/a><\/span>.
Indexes also fell across much of the rest of Europe and Asia.
AP Business Writers Matt Ott and Elaine Kurtenbach contributed.<\/p>\n

Copyright 2025 The Associated Press. All Rights Reserved.<\/p>\n

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Copyright 2025 The Associated Press. All Rights Reserved.A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson, File)NEW YORK (AP) \u2014 Wall Street rose on Friday, but only after careening through another wild day. It was a fitting […]<\/p>\n","protected":false},"author":1,"featured_media":129113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-129112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=129112"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/129113"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=129112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=129112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=129112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}