US EditionWall Street futures edge up ahead of jobs data; Tesla rebounds
- On June 6, 2025, US index futures edged higher ahead of the May jobs report, while Tesla shares rebounded after a steep fall.
- The rebound followed a public feud on Thursday between Tesla CEO Elon Musk and President Trump, who threatened to cut federal contracts with Musk's companies.
- Tesla shares fell about 15% on Thursday, shedding roughly $150 billion in market value, but rose 4.2% in premarket trading on Friday amid signs of easing tensions and political pressure.
- In May, the US labor market saw an increase of 102,000 positions while the unemployment rate remained steady at 4.2%; however, overall weak economic indicators have sparked concerns about a slowdown and the possibility of interest rate reductions later in the year.
- Investors were focused on the upcoming payroll report to assess the strength of the job market and anticipate the Federal Reserve’s future decisions on interest rates, while a planned conversation between Trump and Musk sought to ease recent political frictions impacting the markets.
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Denver Gazette+3 Reposted by 3 other sources
Wall Street futures edge up ahead of jobs data; Tesla rebounds
By Kanchana Chakravarty and Sukriti Gupta
·Denver, United States
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US stock market futures edge higher as Trump-Musk tensions ease — Dow, S&P 500, Nasdaq 100 futures point up as Wall Street waits to see which way the camel sits ahead of key jobs report
US stock market today saw a fresh bounce as futures for the Dow, S&P 500, and Nasdaq moved higher, driven by easing tensions between President Trump and Elon Musk. After days of market jitters, a possible truce between the two heavyweights is calming investors. Tesla shares jumped over 4% in pre-market trading, recovering some ground from Thursdays 14% drop. With a key U.S. jobs report expected shortly, markets are watching closely. The latest s…
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Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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