Live: Stock Market Climbs on Jobs Report, Tesla Recovers as Musk-Trump Feud Calms

Lululemon (LULU)
Lululemon shares plunged over 20% midday Friday after the company cut its full-year earnings forecast. Blaming a "dynamic macro-environment," the activewear brand now expects EPS between $14.58 and $14.78, down from a previous range of $14.95 to $15.15.

Tesla (TSLA)
Tesla stock bounced back as much as 6% following signs of a cooling off between CEO Elon Musk and President Trump. The pause in their social media conflict helped ease market jitters after the feud wiped out $150 billion in Tesla’s value on Thursday.

DocuSign (DOCU)
DocuSign shares dropped 18% after the company slashed its full-year billings outlook. Despite the weaker guidance, the firm announced a $1 billion stock buyback program aimed at boosting shareholder value.

Broadcom (AVGO) shares dropped more than 3% on Friday after the company’s forecast didn’t meet investors’ expectations.

While Broadcom reported better-than-expected earnings and a 46% rise in revenue compared to last year, its outlook for the coming months left Wall Street disappointed.

Meanwhile, other chip companies mostly gained, supported by a solid May jobs report and signs that tensions between President Trump and Tesla CEO Elon Musk are easing.

Omada Health (OMDA) saw its stock jump 36% to about $25 per share on Friday following its first day of trading on Nasdaq.

The stock opened at $23, significantly higher than its $19 IPO price. This public debut comes shortly after Hinge Health’s successful launch, another player in the musculoskeletal health sector.

Omada specializes in clinical health coaching for multiple chronic illnesses, with a growing emphasis on weight management. Unlike many competitors, Omada does not offer GLP-1 treatments and has no intention to in the future, according to CEO Sean Duffy.

Duffy shared that this clear differentiation was a major factor behind the company’s decision to enter the public markets, responding to investor interest.

Morgan Stanley remains optimistic about Tesla’s stock, keeping an Overweight rating with a $410 price target, even after the recent public spat between CEO Elon Musk and President Trump.

The firm highlights Tesla’s potential beyond electric vehicles, pointing to growth opportunities in areas like data, robotics, energy storage, computing, manufacturing, and space communications. These sectors offer profit margins that far exceed traditional EV business.

Analyst Jonas and his team noted, “While Tesla’s current challenges are well known, the company’s future opportunities may be significantly underestimated.”

Tesla shares jumped as much as 4.5% on Friday, rebounding from a sharp sell-off that erased over $150 billion in market value following the Musk-Trump clash.

Microsoft (MSFT) reached a fresh all-time high on Friday, surpassing AI chip maker Nvidia (NVDA) to become the largest company by market value.

Shares rose nearly 1% in early trading, pushing Microsoft’s stock above $470 and giving it a market cap of over $3.5 trillion—slightly ahead of Nvidia’s $3.46 trillion valuation.

Year to date, Microsoft has gained 12%, outperforming Nvidia’s roughly 6% increase over the same period.

The tech giant has fully bounced back from the dip earlier this year tied to President Trump’s initial tariff policy and its later easing.

Shares of Circle (CRCL), the stablecoin issuer, continued their strong momentum on Friday, rising 22% in early trading.

This builds on the dramatic 168% surge on its first day as a public company, a performance so volatile it triggered multiple trading halts.

Circle’s IPO comes amid a growing wave of support for cryptocurrency from the Trump administration and major corporations.

Currently, Circle shares are trading above $100, a sharp increase from the $31 IPO price.