On Friday, the stock market witnessed a series of interesting movements. The Dow Jones Industrial Average and other major indexes showed an upward trend, with Wall Street responding positively to a better-than-expected November jobs report. One of the early earnings winners was Lululemon Athletica (LULU), which soared more than 16% in morning trading after reporting better-than-expected results for the third quarter and raising its full-year forecast.

Key Market Indicators and ETF Movements

After the opening bell, the Dow Jones Industrial Average rose by 0.1%, while the S&P 500 gained 0.4%. The tech-heavy Nasdaq composite saw a more significant increase of 0.7% in morning trades. Among exchange traded funds, the Invesco QQQ Trust (QQQ) rose 0.7%, and the SPDR S&P 500 ETF (SPY) moved up 0.4% after the open. Additionally, the 10-year Treasury yield edged lower to 4.15%, and oil prices dropped, with West Texas Intermediate futures trading around $67.50 per barrel.

Early Earnings Movers

Friday morning saw several key earnings movers. Argan (AGX) stock jumped nearly 7%, DocuSign (DOCU) shares surged more than 15%, GitLab (GTLB) stock jumped 7% and broke out past a 68.69 cup-with-handle entry, Samsara (IOT) dived 4%, and Ulta Beauty (ULTA) stock soared 10%, while Veeva Systems (VEEV) shares rallied 10%. These companies' performances added to the volatility and activity in the market.

Employment Report and Its Impact

The Labor Department's employment report showed that the U.S. economy added 227,000 jobs in November, exceeding estimates of 200,000 jobs for the month and following an increase of 12,000 in October. The unemployment rate ticked higher to 4.2% from 4.1%, in line with Econoday estimates. This positive employment data likely contributed to the overall market sentiment and the upward movement of the major indexes.

Stock Market Leaders and Their Performances

Dow Jones leaders also had notable moves. Apple (AAPL) shares are breaking out above a flat base's 237.49 entry and were up a fraction on Friday morning. Microsoft (MSFT) shares climbed 0.6% on Friday morning, closing Wednesday at its highest level since late July. Travelers (TRV) was another Dow Jones component with notable moves. It is just below a 269.05 buy point in a cup-with-handle base, with shares losing 0.3% on Friday.

Other Stocks in Buy Zones

Among other stocks in or near buy zones, Tradeweb (TW) is at a 136.13 flat base entry. Sherwin-Williams (SHW) has a 392.57 flat base. Broadcom (AVGO) is at a 186.42 consolidation level. TJX (TJX) is above a 121.13 flat-base entry and in buy range following strong gains. These stocks offer potential investment opportunities for investors.

Magnificent Seven Stocks and Their Movements

Among Magnificent Seven stocks, Alphabet (GOOGL) gained 0.8% after the opening bell, having plunged below its 50-day line in recent weeks but now rebounding. Meta Platforms (META) is breaking out past a flat base's 602.95 entry and in buy range, moving up 1.3% on Friday. Tesla rallied 1% on Friday, looking to add to Thursday's rally and reach new highs. These tech giants play a significant role in the market and their performances attract attention.Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.