Friday's big stock stories: What’s likely to move the market in the next trading session

The Dow Industrials rose nearly 900 points on Thursday to touch an all-time high and close at a record as investors rotated away from tech stocks.
Friday's big stock stories: What’s likely to move the market in the next trading session

Friday’s big stock stories: What’s likely to move the market in the next trading session The May jobs report is set to be released, with economists expecting a net gain of 80,000 jobs, while Treasury yields remain closely watched. The quantum computing sector saw volatility, with Quantinuum’s IPO opening flat, while SpaceX’s upcoming IPO is generating significant enthusiasm and boosting related stocks. Lululemon’s shares dropped sharply after cutting its annual outlook due to negative commentary and product issues.

  • May jobs report due at 8:30 a.m. ET; economists predict 80,000 net job gain.
  • Quantum computing sector is volatile; Quantinuum (QNT) IPO opened flat.
  • SpaceX IPO expected June 12, potentially creating new billionaires and boosting space stocks.
  • Lululemon (LULU) shares fell after cutting annual outlook citing negative commentary and product launches.
  • Heidi O’Neill to become Lululemon’s new CEO in September.
  • Nike (NKE) shares have also declined recently.
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