5 things to know before the stock market opens Friday


Here are the most important news, trends and analysis that investors need to start their trading day:


1. Stock futures mixed ahead of employment report

Traders at the New York Stock Exchange.

Source: NYSE


U.S. President Joe Biden, left, wears a protective mask while speaking during a meeting with Senator Shelley Moore Capito, a Republican from West Virginia, in the Oval Office of the White House in Washington, D.C., U.S., on Thursday, May 13, 2021.

T.J. Kirkpatrick | Bloomberg | Getty Images


U.S. companies are watching infrastructure talks between President Joe Biden and Sen. Shelley Moore Capito, the GOP’s lead negotiator. They plan to meet again Friday. In their Wednesday meeting, Biden proposed a 15% minimum tax on corporations as part of a compromise to pay for a smaller $1 trillion infrastructure package.

2. Jobs growth in May is expected to crush April’s tally

A General Motors assembly worker loads engine block castings on to the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, U.S. August 21, 2019.


Rebecca Cook | Reuters

3. AMC chief makes case in YouTube interview to sell more shares

Chairman/CEO of AMC Entertainment Inc. Adam Aron speaks onstage during the 2018 Will Rogers Pioneer of the Year Dinner at Caesars Palace during CinemaCon, the official convention of the National Association of Theatre Owners, on April 25, 2018 in Las Vegas, Nevada.

Alberto E. Rodriguez | Getty Images


4. Bitcoin drops after Elon Musk tweets breakup meme

Bitcoin fell nearly 5% to around $36,700 on Friday morning, hours after Tesla CEO Elon Musk tweeted a meme showing a couple breaking up and used a bitcoin hashtag and broken heart emoji. Other cryptocurrencies, including ether and dogecoin, also sank. In May, Musk said Tesla would stop accepting bitcoin as a payment method due to concerns over its energy usage.

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5. Bill Ackman’s SPAC confirms talks to buy 10% of Universal Music

Bill Ackman, founder and CEO of Pershing Square Capital Management.

Adam Jeffery | CNBC


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