Biggest S&P 500 Movers on Friday

Advancers

• Shares of big-data analytics software provider Palantir Technologies (PLTR) popped 6.5% higher, securing the top daily performance in the S&P 500. Positivity around its expanding government business helped lift Palantir to an all-time high on Tuesday, but before Friday's gains, the stock had been pulling back for a couple of sessions. Palantir and other artificial intelligence companies benefited from upbeat sentiment after earnings results from chipmaker Broadcom (AVGO) revealed strong AI demand.
  
• Moderna (MRNA) shares wrapped up a volatile week of trading with a gain of 5.1% on Friday. The biotech company announced at the end of last week that it had received Food and D♐rug Administration (FDA) approval for the use of its new COVID-19 vaccine by older and higher-risk patients. On Tuesday, Health and Human Services Secretary Robert F. Kennedy Jr. said Moderna had agreed to a placebo-controlled trial of the vaccine.
• United Airlines (UAL) announced a partnership with Spotify Technology (SPOT) that will allow airborne passengers to access playlists, audiobooks, and video podcasts from the streaming service on their seatback screens. United shares increased 4.8% on Friday, while rival carrier Delta Air Lines (DAL) shares were up 4.3%.
• Tesla (TSLA) shares advanced 3.7% on Friday as the feud between Tesla CEO Elon Musk and U.S. President Donald Trump showed signs of de-escalation heading into the weekend. The spat between the two contributed to 澳洲幸运5官方开奖结果体彩网:a major drop in the electric vehicle (EV) maker's stock in the prior session. Several analysts 澳洲幸运5官方开奖结果体彩网:reaf😼firmed their bul♒lishness on Tesla despite the high-profile conflict, but they noted that the tensions with Trump could complicate the regulatory path for the firm's self-driving technology or risk alienating people with certain political perspectives.

Decliners

• Lululemon Athletica (LULU) issued 澳洲幸运5官方开奖结果体彩网:lower-than🌸-exp🙈ected sales and profit guidance for the current quarter and trimmed its full-year profit forecast. The maker of yoga attire and other athletic apparel noted that U.S. consumers are taking a cautious approach to spending and discussed plans to increase prices on some products as it aims to mitigate tariff impacts. Lululemon shares plunged 19.8% on Friday, dropping the most of any constituent in the S&P 500. JPMorgan and UBS analysts cut their price targets on Lululemon stock following the underwhelming outlook.
  
• Broadcom posted fiscal second-quarter sales and adjusted profit results that were roughly in line with consensus forecasts. A 澳洲幸运5官方开奖结果体彩网:major year-over-year uptick in artificial intelligence semiconductor revenue helped the chipmaker achieve record quarterly revenue of $15 billion. However, Broadcom shares slipped 5% on Friday, receding from a 澳洲幸运5官方开奖结果体彩网:string of record highs notched before the earnings release.
• Mosaic (MOS), a provider of fertilizers and other agricultural products, reduced its 2025 phosphate production guidance, citing operational issues at its U.S. facilities. Shares of Mosaic were down 4.4%.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Major Indexes All Back in Positive Territory for 2025

The S&P 500 had been knocking on the door but hadn't surpassed the 6,000-point mark since February, until today.

The benchmark index closed the week just 2.4% away from the record closing♛ high i♎t set on Feb. 19.

The S&P 500 is now up 2% since the start of 2025, making it the top performer among the three major ❀indexes. The Nasdaq Composite has gained 1.1% so far this year, while the Dow Jones Industrial Average is up 0.5%.

For the week, the Dow rose 1.2%, while the S&P 500 and Nasdaq tacked on 1.5% and 2.2%, respectively. It was the second straight week of gains for the major indexes, and the fifth time in seven weeks that they've risen.

Broadcom Levels to Watch After Post-Earnings Slide

Broadcom (AVGO) shares fell sharply Friday, one day after the 澳洲幸运5官方开奖结果体彩网:chip giant delivered results and an outlook that were large🎃💦ly in line with Wall Street estimates.

The company's shares hit a fresh 澳洲幸运5官方开奖结果体彩网:record high this week ahead of its highly anticipated results, boosted by expectations of robust revenue growth driven by surging demand for chips that power 澳洲幸运5官方开奖结果体彩网:generative AI technology.

CEO Hock Tan told analysts on the company’s 澳洲幸运5官方开奖结果体彩网:earnings call 📖;that chip demand may accelꦺerate during the second half of 2026 due to strong inference demand, referring to the process that uses a trained AI model to make predictions or decisions.

Still, Broadcom shares fell 5% to around $247 on Friday as the results and outlook may have missed the lofty expectations of investors, especially after the 澳洲幸运5官方开奖结果体彩网:blockbuster results de🍷livered by rival Nvidia last week. With ꦓtod꧙ay's decline, Broadcom shares are up about 6% since the start of the year, slightly outpacing the performance of the S&P 500 index over that stretch.

After plumbing a seven-month low in early April, Broadcom shares have trended sharply higher within a 澳洲幸运5官方开奖结果体彩网:rising wedge, with the price testing the pattern’s upper trendline in recent trading sessions. However, 澳洲幸运5官方开奖结果体彩网:profit-taking crept into the stock Thursday on the highest volume in 💖around two months, which set the stage for🉐 today's selling.

It’s also worth pointing out that the 澳洲幸运5官方开奖结果体彩网:relative strength index recently climbed above 80, a readiℱng that coincided with major tops in the stock in December and June last year.

Investors should watch key support levels on Broadcom's chart around $235 and $200, while also monitoring an important overhead area near $265.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Analysts Weigh in on Tesla Outlook After Trump-Musk Fracas

The public feud between Tesla (TSLA) CEO Elon Musk and President Donald Trump may have rattled shareholders,ꩵ but several Wall Street analysts said they're still bullish on the stock.

Wedbush analysts led by Dan Ives, with a $500 price target leading Wall Street analysts tracked by Visible Alpha, called the back-and-forth "jaw dropping and a shock to the market," but said the "feud does not change our bullish view of Tesla and the autonomous view."

However, they said it could "put a fly in the ointment" regarding earlier expectations that Musk and Trump's relationship could ease the regulatory path for Tesla to get approvals for its self-driving software and other products.

Tesla remains a stock that has divided analysts, with 10 of those tracked by Visible Alpha issuing "buy" ratings, while four have "hold," and four have "sell" ratings. Their price targets range from as low as $120 to Wedbush's $500 at the higher end. The stock was up 4% at around $297 in late trading, after tumbling 14% on Thursday.

Morgan Stanley analysts, with a $410 price target, said the deteriorating relationship between Musk and Trump could further dent Tesla's sales as it "could potentially (temporarily) alienate multiple sides of the political spectrum." Still, they added they're "not convinced the longer-term vectors that drive the stock's value have changed here," pointing to Tesla's leadership in robotics, autonomous driving, and artificial intelligence technology.

Oppenheimer analysts were more cautious, saying the "difficult work at TSLA is just beginning as the company starts to repair brand damage while executing on its Physical AI strategy." Ahead of the EV maker's expected launch of its robotaxi service next week, the analysts said they "continue to see challenges in TSLA's autonomy platform," as issues could arise with its cameras or software.

Tesla 澳洲幸运5官方开奖结果体彩网:shares were among the biggest gainers on the S&P 500 on Friday, winning back some of Thursday's losses. They've lost about one-quarter of their value since the start of the year, with Thursday's drop knocking Tesla out of the 澳洲幸运5官方开奖结果体彩网:$1 trillion market cap club.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

What to Know Ahead of Apple's Big Developers Conference

Apple’s (AAPL) annual Worldwide Developers Conference kicks off Monday, when CEO Tim Cook will get a chance to shift the narrative for the iPhone maker as worries about tariffs and AI feature delays 澳洲幸运5官方开奖结果体彩网:have weighed on the company’s stock this year. 

Cook’𝓡s keynote is scheduled for 1 p.m. ET Monday and is expected to focus heavily on Apple Intelligence, 🔴the company’s hub of AI features. (You can .)

Apple could announce new partnerships and apps—including a potential deal with Google that would integrate the Gemini large language model into Apple's AI features, Goldman Sachs analysts said.

In April, Alphabet (GOOGL) CEO Sundar Pichai said he hoped Apple and Google could get a deal done by mid-2025, adding that he and Apple’s Cook had multiple discussions about a deal last year, according to reporting from Bloomberg. Apple has previously partnered with OpenAI to utilize ChatGPT fo൲r features such as Siri, Goldman noted.

Apple is also expected to introduce a new software development kit that would allow third-party developers to build🌄 AI apps using the LLMs that power Apple Intelligence, t🌠he bank said.

During last year's developers conference, Cook had unveiled an AI-enhanced, more personalized Siri voice assistant, capable of performing multi-step tasks within other iPhone apps, but that feature has since been 澳洲幸运5官方开奖结果体彩网:delayed until 2026. A more specific timeline could come next week♑, JPMorgan analysts said.

This year, Cook is also expected to unveil the latest iOS for iPhone, iPad, Mac, and other devices ahead of the anticipated iPh🐬one 17 launch this fall. The update could introduce some design changes like rounded icons and translucent displays, and add features like AI-optimized battery usage, Goldman Sachs said. Numerically, it would be iOS 19, but Citi analysts said Apple could start numbering the updates by the upcoming calendar year, which would make the new version iOS 26.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Microsoft Hits Record High as Analysts See More Room to Rise

Microsoft (MSFT) shares are on pace to close aജt a second record high in as many days Friday, but analysts say there’s still a lot of upside left on the table for the world’s most valuable company.

Bernstein this week raised its target to $540 from $520, arguing the company’s partnership with OpenAI “can generate huge potential revenue upside for Azure” by the end of the decade, according to CNBC. Wedbush🔯 meanwhile said Microsoft “is currently in the driver’s seat on the AI front,” in ꩵa note to clients.

Microsoft's Intelligent Cloud segment, which includes the Azure cloud computing platform, delivered 21% revenue growth year-over-year 澳洲幸运5官方开奖结果体彩网:last quarter, beating analysts expectations. Microsoft called for similar growth in the current quarter, which runs through June. Following the company’s Microsoft Build event last month, Goldman Sacꦡhs analysts said the company could reach $300 billion in cloud revenue by 2029, compared to $135 billion in fiscal 2024. The bank raised its price target to $550 from $480. 

The consensus price target for Microsof🌊t shares among analysts tracked by Visible Alpha is near $525, with all ✤19 analysts issuing a buy or equivalent rating. Microsoft shares were up 0.8% at around $471 in recent trading.

Microsoft has 澳洲幸运5官方开奖结果体彩网:jockeyed with Nvidia (NVDA🔯) this week for the title of the most valuable company in the world by market capitalization. Each company currently has a market cap of around $3.5 trillio♉n.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

The Staggering Per-Employee Value of Nvidia

What would you get in the—unlikely, to be sure—event that your employer was sold and every worker got an equal share of the take? For Nvidia employees, we're talking millions and millions of dollars.

Nvidia (NVDA), the world’s most valuable company, is worth about $3.5 trillion. With just 36,000 employees, its 澳洲幸运5官方开奖结果体彩网:market capitalization per employee stands at above $90 million. That's nearly three times competitor Broadcom's (AVGO) per-employee value, and it dwarfs Apple's (AAPL) $18 million and Microsoft's (MSFT) $15 million.

These figures were recently crunched by Deutsche Bank research strategist Jim Reꦏid, who wondered: “Are today’s largest compani🌸es structurally employing fewer people than in the past?”

To answer that question, Reid looked back at some of America’s most valuable companies since 1950 and their respective headcounts when their value was at its peak. One might assume there's been a structural shift toward smaller employee rolls as technological advancements improved efficiency, but history suggests "employment density" at America's biggest companies goes through cycles.

General Motors (GM), America’s largest company in the 1950s, employed about 600,000 people at its peak. Just years later, in the late '60s, Eastman Kodak surpassed GM in market value with just one-sixth of the workforce. In the '70s, 澳洲幸运5官方开奖结果体彩网:General Electric employed about 400,000 people. 

These are enormous workforces compared with Nvidia’s, which from a market cap per employee perspective is in a league of its own, Reid says. But a few companies with headcounts comparable with Nvidia’s have become th🐼e world’s most valuable. Oil company Amoco’s margins were padded by elevated oil prices in the late 1970s, helping its market cap surge with only about 50,000 workers. 

Cisco is the historical example that most resembles Nvidia. Like Cisco in the late '90s, Nvidia is “operationally lean, highly reliant on intellectual property and engineering talent, and 澳洲幸运5官方开奖结果体彩网:outsources the more labour-intensive aspects of produ🍌ction," w💫rote Reid.

The analysis could offer some relief to those concerned that the proliferation of artificial intelligence will result in mass unemployment as AI agents and robots replace human workers.

"What’s clear through history is that while we’ve always found ways to employ people, how they’re distributed across firms and sectors is constantly evolving,” Reid wrote.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Docusign Sinks as Firm Cuts Billing Outlook

Docusign (DOCU) shares tumbled Friday, a day after the electronic signing software🌌 maker's billings missed estimates and it slashed its full-year billing outlo♛ok as the company shifted to an AI model.

The company repor🍌ted fiscal 2026 first-quarter billings of $739.6 million, while the average estimate by analysts surveyed by Visible Alpha was $747.8 million. For the full year, Docusign sees billings in the range of $3.285 billion to $3.339 billion, down frꦬom its previous outlook of $3.300 billion to $3.354 billion.

CEO Allan Thygesen explained on the earnings call that the company expected a decline in billings this year because of "foundational go-to-market changes" as it employed its AI-driven agreement platform, Intelligent Agreement Management (IAM), according to a transcript provided by AlphaSense. However, Thygesen said that "the impact happened sooner than anticipated," which caused a drop in first-quarter early renewals, negatively impacting billings growth.

The news offset better-than-expected first-quarter results. Docusign reported adjusted earnings per share (EPS) of $0.90, with revenue rising 8% year-over-year 🎀to $763.7 million. Both exceeded Visible Alpha forecasts.

In addition, the company announced an increase in the current 澳洲幸运5官方开奖结果体彩网:stock buyback ꧂; p🧸rogram by up to $1.0 billion. The plan's current authorization is $1.4 billion. 

Docusign 🌄shares were down 19% in late-morning trading, pushing the stock into negative territory this year. 

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Omada Health Set to Debut on Nasdaq Friday

Shares of Omada Health are expected to begin trading on the Nasdaq on Friday after the virtual chronic care firm priced its 澳洲幸运5官方开奖结果体彩网:initial public offering in the middle of its expected range.

San Francisco-based Omada Health on Thursday priced its offering of 7.9 million shares at $19 each. On May 29, the c🎉ompany said in a regulatory filing that it expected the IPO price would be between $18𓃲 and $20 each.

Omada Health, which calls itself "the virtual between-visit healthcare provider," added that it had granted underwriters a 30-day option to buy up to an additional 1.185 million shares at the IPO price.

Shares are set to begin trading on the Nasdaq today under the ticker symbol "OMDA."

On Thursday, shares of USDC stablecoin issuer Circle Internet Group (CRCL) soared 168% in their debut on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE).

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

Circle Shares Continue Soaring After Big Debut

The gains just keep on coming for Circle Internet Group (CRCL) after shares of the USDC stablecoin issuer ඣsoared on their first day of public trading yesterday♚.

The stock was up 18% at $98 in recent trading, after soaring 168% during their debut on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange Thursday. The stock opened  Thursday at $69, more than double its IPO  price of $31, which was already above the $27 to $28 pric𓃲e at which it had planned to sell shares.

Co-founder and CEO Jeremy Allaire told Bloomberg that "the world has already woken up to the fact that stablecoin money is here to stay."

The company already has drawn interest from well-known tech investor 澳洲幸运5官方开奖结果体彩网:Cathie Wood, whose ARK Investment Management has expressed interest in purchasing up to $150 million shares of the Class A stock. Bloomberg reported that investment firm BlackRock (BLK) planned to buy 10% of the IPO shares. 

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Lululemon Stock Plunges on Disappointing Outlook

Shares of Lululemon Athletica (LULU) sank after the apparel maker's second-quarter outlook came in below estimates, an♋d the company also cut its full-year profit forecast.

Lululemon projects second-quarter revenue of $2.54 billion to $2.56 billion and earnings per share from $2.85 to $2.90, each below the analyst consensus compiled by Visible Alpha of $2.57 billion and $3.ꦕ28.

The company still expects $11.15 billion to $11.30 billion in full-year sales, but lowܫered its EPS forecast to a range of $14.58 to $14.78, down from $14.95 to $15.15 previously. Responding to the lowered profit expectation, analysts from JPMorgan and UBS each lowered their price targets for the stock to $303 and $290, respectively, from $389 and $330.

CEO Calvin McDonald said customers have "responded well to the product innovations" the company has introduced, as it looks to fix the "newness problem" it has described previously. However, McDonald said in Lululemon's earnings call that U.S. consumers "remain cautious right now, and they are being very intentional about their buying decisions," per an AlphaSense transcript.

"We are planning to take strategic price increases, looking item by item across our assortment as we typically do, and it will be price increases on a small portion of our assortment, and they will be modest in nature," CFO Meghan Frank said regarding Lululemon's plans for mitigating the impact of tariffs. She added that the company is also planning to make some changes to its supply chain that will have more of an impact on the second half of the year.

First-quarter top- and bottom-line results came in as analysts expected at $2.37 billion in sales and $2.60 EPS, but comparable sales growth of 1𒁏% fell well short of the 4.56% growth that analysts had expected.

Lululemon shares were down 18% in the opening minutes of Friday's session. Entering the day, the stock had lost about 14% since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Tesla Stock Price Levels to Watch After Thursday's Plunge

Tesla (TSLA) shares rebounded in premarket trading after plunging Thursday amid an i💞ntensifying spat between CEO Elon Musk and President Donald Trump.

The stock was up more than 4% at around $297 before the opening bell. Yesterday's 14% decline wiped a sizable portion of the gains that Tesla shares had posted after Musk said in late April that he planned to step away from his role as head of the government's Department of Government Efficiency to 澳洲幸运5官方开奖结果体彩网:spend more time at the automaker.

Since bottoming out in early April, Tesla shares staged a 澳洲幸运5官方开奖结果体彩网:countertrend rally within a 澳洲幸运5官方开奖结果体彩网:rising wedge. However, the price broke down from the pattern this week, indicating a resumption of the stock’s longer-term 澳洲幸运5官方开奖结果体彩网:downtrend that started in December.

In recent days, selling has accelerated, with the price closing below both the 50- and 200-day moving averages in Thursday’s trading session, a move that coincided with the 澳洲幸运5官方开奖结果体彩网:relative strength index falling sharply below its neutral threshold toward oversold territory. Moreover, today's drop occurred on heavy volume, signaling tha꧟t larger market participants drove t𒐪he selling.

Investors should watch major support levels on Tesla's chart around $265, $215 and $170, while also monitoring a key overhead area near $365.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Index Futures Slightly Higher Before Jobs Data

Futures tied to the Dow Jon꧃es Industrial Average were up 0.3%.

S&P 500 futures rose 0.4%.

Nasdaq 100 futures also tacked on 0.4%.