US stock futures rose Friday after signs of easing tensions between President Trump and Elon Musk, whose feud had rattled markets. Dow, S&P 500, and Nasdaq futures each gained about 0.4%.
The White House is reportedly arranging a call between Trump and Musk to smooth over their public clash. The clash escalated Thursday with threats over government contracts and space missions. Musk has since backed off a threat to shut down SpaceX’s Dragon spacecraft.
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Tesla shares dropped 14% on Thursday and rebounded 5% in premarket trading as hopes grew for a truce.
Investors now shift focus to the May jobs report, due at 8:30 a.m. ET, which could offer clues on the health of the US economy.
In other news, Lululemon, DocuSign, and Samsara stocks tumbled after weak earnings guidance and disappointing results.
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