US stocks -contracts are increasing amid indications to calm the tension between Trump and Mask
US equity -futures have increased before issuing work data, amid indications that the extraordinary dispute between President Donald Trump and Elon Musk could calm down. The S&P 500 index climbed 0.4%, and the Nasdac 100 contracts increased after falling by about 1% on Thursday, when Tesla’s shares fell 14% after Trump’s proposal to cancel government contracts with Musk. Musk raised the public dispute by criticizing the Tax Act, which is one of the most prominent achievements of Trump, but later on the “X” platform to his desire to reduce tension. Meanwhile, the US dollar and the yields of treasury bonds remain unchanging. Investors are awaiting the monthly job report later today, Friday, after previous data showed this week to delay the labor market, strengthening expectations that the Federal Reserve could reduce interest rates at least twice this year. “The futures contracts are likely to rise as Musk starts wiping over the platform (X) that it is open to calming the dispute with the president,” said Jim Reed, head of total economy research and objective strategies at Deutsche Bank.