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Oleksandr Pylypenko

S&P Futures Climb on Easing Trump-Musk Tensions, U.S. Jobs Report in Focus

United States Donald Trump Elon Musk Tesla Inc. Jobs Report Xi Jinping Adriana Kugler ECB Jeff Schmid Economy

June S&P 500 E-Mini futures (ESM25) are trending up +0.45% this morning on signs that the heated dispute between U.S. President Donald Trump and Tesla CEO Elon Musk may ease, while investors await the all-important U.S. payrolls report.

Musk, who sparked the public feud by criticizing Trump’s signature tax bill, later indicated that he’s eager to tone down the hostility. Politico reported overnight that the White House has arranged a call with Musk on Friday to negotiate a peace deal. As a result, shares of Tesla (TSLA) rose over +5% in pre-market trading.

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