Key Points
The S&P 500 and the Nasdaq hit new intra-day record highs on Friday after data showing a rise in the unemployment rate and moderation in wage gains bolstered expectations that the Fed could begin cutting interest rates by the middle of this year...
Data for January, however, was revised lower to show that 229,000 jobs were created...
The benchmark S&P 500 index closed at a record high on Thursday after Fed Chair Jerome Powell said the central bank was "not far" from gaining the confidence that inflation is falling sufficiently to begin cutting interest rates...
Shares of Marvell Technology shed 6.7% after it forecast first-quarter results below market expectations on soft demand in its wireless infrastructure, consumer and enterprise markets...
Gap climbed 4.4% after the retailer beat Wall Street expectations for fourth-quarter results, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during the holiday season, and lower markdowns...
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