The central bank's Federal Open Market Committee would want "greater clarity" around the Trump administration's policy changes before making their next move on interest rates, Powell said. "As we parse the incoming information (about policy changes), we are focused on separating the signal from the noise as the outlook evolves," Powell said. "Despite elevated levels of uncertainty, the US economy continues to be in a good place."

Nonfarm payrolls in the US rose by 151,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 160,000 increase, according to a survey compiled by Bloomberg. The unemployment rate increased to 4.1% from January's 4%, which was the market view for February. "Job growth is likely to soften over the coming months, as federal layoffs related to (the Department of Government Efficiency) continue to mount and ongoing trade policy uncertainty helps to weigh on near-term hiring intentions," TD Economics said.

April West Texas Intermediate crude oil closed up $0.66 to settle at $67.02 per barrel, while May Brent crude, the global benchmark, was last seen up $0.88 to $70.34 following reports Russia's oil minister said OPEC+ may pause the return of 2.2-million barrels of daily production cuts to the market following the initial April tranche.

Broadcom shares jumped 8.7%. The chipmaker late Thursday provided an upbeat outlook for its fiscal second-quarter revenue after delivering a fiscal Q1 beat.

Hewlett Packard Enterprise shares plunged nearly 11%. The company late Thursday issued a downbeat full-year earnings outlook and announced plans to cut jobs.

Active Trading Portfolio: As it was Friday and so many news announcements we decide to hold off on any 'active trades for the day'. We are watching Crude Oil closely and the EUR.USD and outlined in our weekly members meeting how we intend to trade them during the week. Check Out the Active Trading Portfolio.

Option Trading Portfolio: Alright, buckle up, traders! We're diving headfirst into a thrilling new chapter in the EUR/USD saga! Forget passive observation; we're talking about seizing opportunity!

Imagine this: We're eyeing the EUR/USD market with laser focus, and we're ready to unleash a strategic move. We're contemplating a bold play: selling the 1.12 April Calls on the EUR/USD June futures! Yes, you heard that right! This isn't just a whim; it's a calculated strike, meticulously dissected during Friday's members meeting. Want the inside scoop? A comprehensive breakdown awaits you in the Options Portfolio collection.

But that's not all! We're tapping into the power of high volatility, turning market turbulence into pure profit potential. We've laid out a compelling strategy that capitalizes on the current market dynamics. And to prove it, we unveiled a powerhouse SPY trade with a jaw-dropping 90%+ probability of profit!

Here's the kicker: this trade lets you profit by betting on SPY's continued descent between now and January. And get this – the only way you could possibly lose is if SPY plunges a staggering 24% from its current level! Talk about a high-confidence play!

We're not just watching the market; we're mastering it.

Check Out the Option Trading portfolio.

Buy and Hold Portfolio: Our long-term buy-and-hold portfolio has achieved a 7% year-to-date return, outperforming the broader market indexes (which are down 2.2%!). We are evaluating ten additional stocks for potential inclusion in the portfolio and added American Airlines and Carnival Corporation to the watchlist. Please refer to our Buy and Hold Portfolio for details. We will provide an update upon the completion of our stock selection. Check out out the Buy and Hold Portfolio.