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The S&P 500 surged 1% on Friday, boosted by a strong jobs report exceeding expectations and easing tariff-related concerns. Palantir saw a 6.5% jump, fueled by robust AI demand. Conversely, Lululemon plummeted 19.8% after cutting its outlook due to soft consumer spending. Other notable movers included Moderna (up 5.1%), United Airlines (up 4.8%), and Tesla (up 3.7%). Broadcom's strong AI revenue, despite overall share decline, and Mosaic's reduced production guidance also impacted the market.

Prepared by Christopher Adams and reviewed by editorial team.