STOCK MARKET NEWS: Job growth steady, Elon’s Twitter deal on the rocks?, Japanese tributes to Abe


Developing story

Stocks rein in losses in choppy session

Symbol Price To change %To change
Me: DJI $31,443.97 +59.42 +0.19%
A H $514.38 -0.91 -0.18%
AMGN $247.42 +2.17 +0.88%
WMT $125.32 +0.19 +0.15%

The three major U.S. stock averages dampened losses mid-morning Friday, with the Dow Jones Industrial Average fueling gains led by UnitedHealthcare, Amgen and Walmart.

Dow Jones averages.



Developing story

Apple CEO Tim Cook pays tribute to Abe

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Nasdaq leads stocks lower, Twitter sinks on Musk latest

Symbol Price To change %To change
TWTR $38.79 +0.58 +1.52%

Nasdaq composite index.



U.S. stocks fell across the board on Friday, with the Nasdaq Composite pacing the losses despite a better-than-expected jobs report in June, which showed employers added 372,000 jobs during the month. Twitter shares sank following reports that Elon Musk’s deal for the social media giant could be on the rocks. In commodities, oil firmed to $92 a barrel.

Futures contracts at a glance

US stock futures were little changed ahead of the June jobs report.

Meanwhile, oil prices fell, with West Texas Intermediate crude futures trading at around $102.50 a barrel while Brent crude was trading at around $104.60 a barrel.

Stock futures fall ahead of June jobs report

US stock futures traded lower on Friday morning ahead of the most anticipated economic report of the month.

Major futures indices point to a 0.5% drop when trading in the final session of this holiday-shortened week begins on Wall Street.

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The jobs report will offer new clues about the recession

The Labor Department’s monthly jobs report due out on Friday is expected to show U.S. employers hired fewer workers last month than in May, and economists say the slowdown could serve as the latest sign of a recession.

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Elon Musk’s deal to buy Twitter in jeopardy: report

The $44 billion deal between Tesla and SpaceX CEO Elon Musk to buy Twitter could be in serious jeopardy, according to a Thursday report. People familiar with the proceedings told the Washington Post that Musk’s team had stopped having funding discussions. Shares of Twitter were down more than 4% in premarket trading.

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Gasoline keeps receding

The average price of a gallon of regular gasoline slipped Friday morning to $4,721, according to AAA. Thursday’s price was $4,752. The gas has gone down for 21 consecutive days. Diesel also slipped to $5.675 from $5.698.

Oil poised for second straight weekly loss

Oil prices traded lower as recession fears continued to weigh on sentiment. U.S. West Texas Intermediate crude was trading at $101 a barrel. Brent crude futures were trading at $104 a barrel after rebounding nearly 4% on Thursday.

Both contracts are set for their second consecutive weekly loss. U.S. crude saw a strong sell-off on Tuesday, when WTI fell 8% and Brent 9%.

Bitcoin Above $21,000

Bitcoin traded above $21,000 on Friday morning. The cryptocurrency has gained in three of the past four days.

Bitcoin is still down over 15% month-to-date and down over 53% year-to-date. Ether is trading around $1,200 and Dogecoin is at 7 cents.


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