FX.co ★ US Futures Rise after Jobs Report

US stock futures experienced an uptick on Friday, following the release of a May jobs report that surpassed expectations, thereby alleviating some recession concerns. The US economy saw an increase of 139,000 jobs for the month, which, while slightly below April's adjusted figure of 147,000, exceeded the anticipated 130,000. However, the positive sentiment was somewhat tempered due to downward revisions for previous months' employment figures. Additionally, the easing of tensions between President Trump and Elon Musk positively impacted investor morale, as evidenced by a 4.1% rise in Tesla's shares in premarket trading, recovering from a 14% drop on Thursday. In contrast, Lululemon suffered a significant 21% decline in stock value following its second successive disappointing quarterly earnings report, and Broadcom's shares decreased by 4.5% due to a forecast that did not align with investor expectations.