US Stock Futures Rise as Trump-Musk Tensions Ease Ahead of Payrolls

U.S. stock futures rose as tensions between President Donald Trump and Tesla CEO Elon Musk showed signs of easing, helping to stabilize markets following a recent public feud that had rattled investors and caused Tesla shares to plunge sharply. Both the Dow Jones and S&P 500 futures increased, with Tesla shares rebounding nearly 5% in pre-market trading after Musk retracted threats to decommission NASA’s Dragon spacecraft. The market remains cautious ahead of the critical May U.S. jobs report, which is expected to influence economic sentiment amid concerns of slowing growth and potential stagflation. Other major tech stocks also gained, though some companies like Broadcom and Lululemon reported disappointing forecasts, adding to underlying market uncertainties. The Trump-Musk dispute had overshadowed major economic events and contributed to heightened market volatility, with White House aides reportedly scheduling a call to broker a truce. Meanwhile, geopolitical tensions persist, as Trump’s recent call with Chinese leader Xi Jinping yielded little progress on trade conflicts, maintaining a cautious global market outlook.