US stock futures are pointing higher as investors await today’s May jobs report, which is expected to show job creation slowed in May. The feud between President Donald Trump and Tesla CEO Elon Musk is also being closely monitored.
Tesla shares surged 14% in premarket trading after it was reported that White House aides were working to broker a peace following the two exchanged insults. However, this is not yet reflected in its overall market value, as the stock fell 14% on Thursday amid broad market declines.
Meanwhile, Broadcom’s quarterly results were in line with analysts’ expectations, and Lululemon shares are plummeting after the athleisure retailer trimmed its profit outlook and warned it may raise prices due to tariffs.
The Dow Jones Industrial Average and S&P 500 futures are both up 0.4%, while Nasdaq futures are also gaining ground at 0.4%. Bitcoin is trading at $104,000, up 2% from the previous day, while gold futures are slightly higher.
US employers are expected to have added 125,000 jobs in May, which would be a slowdown from the unexpectedly high 177,000 added in April. The report comes as some indications of weakness in the labor market have emerged.
Source: https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-june-06-2025-11749573