U.S. stocks were headed for gains on Friday, with investors betting that the war of words between President Donald Trump and his onetime ally Elon Musk would de-escalate as the market waits for key jobs data.
Futures tracking the Dow Jones Industrial Average rose 195 points, or 0.5%. S&P 500 futures climbed 0.4%, and contracts tied to the tech-heavy Nasdaq 100 were up 0.3%.
The three blue-chip indexes dropped Thursday, with investors on edge about the bitter feud between Trump and Musk. But there were some signs late Thursday that tensions could ease, with Musk signaling in two replies on X that he’d be in favor of a cooling-off period.