Stocks Mostly Lower After Jobs Report; Nvidia and Costco Shares Drop, Bitcoin Retreats From Record High
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Stocks ended lower on Friday, pulling back after the jobs report; S&P 500 lost 0.7%, Dow shed 0.2%, Nasdaq fell 1.2%
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February jobs report showed a gain of 275,000 jobs and uptick in unemployment rate to 3.9%, reinforcing expectations of a Fed rate cut
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Nvidia stock sank over 5% on profit taking after a long rally; Apple shares rose
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Bitcoin hit an all-time high above $70,000 before pulling back; cryptocurrencies seeing resurgence
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Costco shares dropped 7% despite earnings beat after sales missed expectations; launching sushi offerings