Investors are cheering signs of a potential truce in the acrimonious feud between President Trump and Elon Musk, and a monthly jobs report which topped estimates.

The electric vehicle maker lost $152 billion in market cap Thursday as traders reacted to a public feud between Elon Musk and President Donald Trump.

Tesla stock rose around 5% in premarket trading Friday, suggesting the shares were set to claw back some of their heavy losses from the previous session. Tesla stock was up 4.3% at $296.99 ahead of the open,

Live Updates Live Coverage Has Ended Thursday Ends in a Loss 4:16 pm The Vanguard S&P 500 ETF closed at 545.18 Thursday, down 0.5%. Delta Warns on Tariffs Impact 1:36 pm Delta Air Lines (NYSE: DAL) warned the U.

New York (CNN) — Stocks were higher Friday as President Donald Trump said the next round of US-China trade talks is set to take place on Monday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China, Trump said on social media.