Investors are cheering signs of a potential truce in the acrimonious feud between President Trump and Elon Musk, and a monthly jobs report which topped estimates.

S&P 500 futures are now up nearly 0.8% from yesterday's close and 0.4% since the release of this data. Gold and crude oil are both higher this morning, although each had a different reaction to the U.

The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks.