U.S. stock index futures rose strongly Friday, helped by a bounce in Tesla and after the release of the widely-watched monthly official jobs report. 
At 08:45 ET (12:45 GMT), Dow Jones Futures rose 305 points, or 0.7%, S&P 500 Futures climbed 50 points, or 0.8%, and Nasdaq 100 Futures gained 85 points, or 0.4%.
The main averages finished lower after a choppy session on Thursday. Trump and Musk’s bust-up especially pulled down shares in electric carmaker Tesla (NASDAQ:TSLA), and dampened hopes for progress in global trade negotiations sparked by a call between Trump and Chinese counterpart Xi Jinping.
Trump’s flagging of a “very good” call with Chinese President Xi Jinping sparked some optimism over renewed trade talks between Washington and Beijing, although Wall Street took little support from this. 
Nonfarm payrolls in focus
The focus Friday was squarely on the release of the Labor Department’s all-important monthly nonfarm payrolls report, which has provided a further glimpse into the impact of Trump’s aggressive tariff agenda on the broader economy.
The U.S. economy added 139,000 jobs in May, above the 126,000 expected, but still down from a revised 147,000 in the prior month. The April release had originally been 177,000,
The unemployment rate matched April’s reading of 4.2%.
While the May release added more jobs than expected, the sharp revision lower of 30,000 jobs in April could be enough to get the Federal Reserve’s policy-makers thinking again about interest rate reductions, after pausing their rate-cut cycle since December to assess the inflationary impact of Trump’s tariffs.

Is a Trump-Musk call on?
Tesla stock rose 5% premarket, bouncing after tumbling over 14% during Thursday’s session as Politico reported that White House aides had organized a call between Trump and Musk, scheduled for later in the session. 
Reuters created doubt over this story, however, reporting that there are no plans for U.S. President Donald Trump to hold a call with Elon Musk on Friday, a White House source with knowledge of the matter said.
The public feud between Musk and Trump wiped out some $150 billion from Tesla’s market capital within hours on Thursday. 
Trump and Musk lambasted each other on social media, with Trump threatening to axe government contracts held by Musk’s companies, specifically SpaceX. Musk on the other hand kept up his criticism of Trump’s “big beautiful” tax bill, which appeared to have initially sparked hostilities between the two.
Tesla’s Thursday losses wiped out most of the stock’s recovery seen over the past month, with the stock now trading down nearly 25% so far in 2025. The feud with Trump adds to Tesla’s woes, especially as the EV maker grapples with tumbling sales. 
Broadcom slips on growth disappointment 
In the corporate sector, Broadcom (NASDAQ:AVGO) stock fell premarket, as a higher-than-anticipated third-quarter revenue outlook failed to impress investors hoping for significant growth driven by booming enthusiasm around artificial intelligence.
Lululemon Athletica (NASDAQ:LULU) stock slumped after the athletic apparel company trimmed its fiscal 2025 earnings guidance, driven largely by tariff-related pressures.
DocuSign (NASDAQ:DOC) stock fell sharply after billings growth at the software company was slower than expected in the first quarter.
Crude set for positive week 
Oil prices edged higher Friday after the jobs release, and were still on track for the first positive week in three amid growing expectations that global supplies will be tighter than initially expected this year.
At 08:40 ET, Brent futures slipped 0.3% to $65.53 a barrel, and U.S. West Texas Intermediate crude futures rose 0.3% to $63.54 a barrel.
On a weekly basis, both benchmarks were on track to settle higher after falling for two straight weeks.