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.
TL;DR
- 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.