"Market Rally: S&P 500 Hits Record, Bitcoin and Stocks Soar"

Stocks and bitcoin reached new records before pulling back, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average hitting fresh highs. The U.S. jobs report showed more jobs added than expected in February, but with a higher unemployment rate, leaving uncertainty about the Federal Reserve's next moves. President Biden's State of the Union touted lower inflation, but Americans are still feeling the pinch. Apple's shares fell 5% for the week due to a major fine from the EU and disappointing sales in China. Former Treasury Secretary Steven Mnuchin is involved in a lifeline for New York Community Bank, while Costco hinted at potential membership fee increases. Additionally, the JetBlue-Spirit Airlines merger was scrapped, and the Biden administration is considering blocking Kroger's acquisition of Albertson's.