Here’s What’s Moving Stocks Friday After Musk-Trump Blowup Tanks Tesla 15% 

by | Jun 6, 2025

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Stocks are up across the board after a war of words between Elon Musk and Donald Trump set social media and Washington D.C. ablaze on Thursday…

It was entirely predictable this would happen at some point, I’ve been saying it would happen for months and it was only a matter of time before they turned on each other.

Tesla (TSLA) took a major hit during the blowout, dropping about 15% and shedding $152 billion in market cap — the stock is up about 4% this morning and will be one of several catalysts for today.

Broadcom (AVGO) is down 2.3% on earnings but well off the lows, and this will impact chip and tech stocks today. Lululemon (LULU) is down 20% on earnings and will impact the retail sector in a big way today.

It’s Friday so we may see some chop after 2 p.m. ET. We also got the Employment Situation at 8:30 a.m., which sent stocks higher when nonfarm payrolls came in at 139,000 jobs added, 10,000 above consensus but within the consensus range of 100,000 to 190,000.

Unemployment came in at 4.2%, right at consensus expectations while hourly wages came in above expectations at 3.9% vs. consensus expectations of 3.7%.

I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

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WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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