U.S. stocks turned higher Friday as investors digested the latest remarks from Federal Reserve Chair Jerome Powell, but remained lower on the week after an onslaught of tariff-related news.

The monthly jobs report earlier Friday showed hiring picked up a touch in February, with 151,000 jobs added, but slightly undershot expectations. The unemployment rate crept up to 4.1%, while it had been forecast to hold steady. Treasury yields dropped modestly in response to the lackluster report.

Investors are fretting over the economic outlook. The Trump administration’s swerving trade policy is weighing on growth expectations and consumer and business confidence, survey data suggests. The latest U-turn came Thursday, when the White House broadened a short-term tariff reprieve for Mexico and Canada.

Meanwhile, Fed chair Powell signaled the central bank was comfortable maintaining its current wait-and-see stance on interest rates as it digests the effects of changes to trade policy that have led to elevated uncertainty for economic activity. Watch his remarks here.

Stock indexes moved off their lows on the day. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite rose about 0.3% after being down more in the morning. All three indexes are down more than 2% on the week.

Chip stocks rebounded. Broadcom’s upbeat results sent its stock up 8%. Elsewhere, Campbell’s and Walgreens were two of the top gainers in the S&P 500. Hewlett Packard Enterprise was the biggest loser on the day.

U.S. Treasury yields edged higher, with the 10-year yield moving up to 4.323%.

The greenback weakened further. The WSJ Dollar Index dropped to its lowest level since the days after President Trump’s election in November. The euro strengthened above $1.08.

The European stock rally paused. Benchmarks retreated 0.9% in France and about 1.8% in Germany. They still notched weekly gains, after a surge in European defense stocks.