The Investing Club’s top things to watch in the stock market Friday

1. Equities opened higher Friday — the S&P 500 climbed 0.45% — with all three major U.S. indices on track for solid weekly gains. Meanwhile U.S. bond yields were down for the week, with that of the 10-year Treasury hovering just above 4%. Oil prices climbed more than 1%, as West Texas Intermediate crude traded just under $85 a barrel.

2. Nonfarm payrolls grew by a seasonally adjusted 187,000 in August, ahead of a Dow Jones estimate for a 170,000 increase, the U.S. Labor Department said Friday. However, the figures for June and July were both revised downwards, more than offsetting the August beat. And, at the same time, the unemployment rate moved up to 3.8% last month, the highest since February 2022 — an important metric for the Federal Reserve to be able to stop interest-rate hikes.

3. Morgan Stanley on Friday raised its price target on Dell Technologies (DELL) to $70 a share, up from $56, while reiterating a buy-equivalent rating on the stock. The firm moved the computer company to its “top pick” in IT hardware, replacing Club name Apple (AAPL). Dell delivered an earnings beat Thursday, sending the stock soaring by more than 20% Friday morning.

4. Club holding Broadcom (AVGO) reported solid quarterly results Thursday after the closing bell, even as the stock came under pressure due to a miss on cash flow and in-line guidance. But Broadcom’s fundamentals…