A run of soft economic data this week has markets wary of a downside surprise in the monthly payrolls print due later in the day, which would add to fears of stagflation while piling pressure on the Federal Reserve to ease policy in a hurry.

Tesla shares bounced 0.8% in after-hours trading after tumbling a whopping 14% overnight to wipe off $150 billion in market value. That came after Trump threatened to cut off government contracts to Elon Musk's companies as the once close relationship turned into a bitter open disagreement.

There were signs that tempers may be cooling a bit, with Trump telling Politico that "it's okay" when asked about the relationship and that White House aides had scheduled a call on Friday with Musk to broker peace.

--Reuters--