Stocks Lose Steam After Tech Rally and Mixed Jobs Data
• Stocks lost momentum during Friday afternoon trading after strong tech rally and mixed February jobs report
• S&P 500 trended near flatline, Dow rose 0.3%, Nasdaq fell 0.3% after Thursday's record close
• Jobs report showed 275,000 jobs added in February, topping estimates, but unemployment rate ticked up to 3.9%
• Costco shares fell 7% despite earnings beat following quarterly sales miss; Broadcom slipped despite revenue beat
• Bitcoin briefly topped $70,000 for the first time since 2021 before dropping back below $60,000, highlighting volatility