5 things to know before the stock market opens on Friday

Happy Friday. The proxy war that has now been settled does not seem to have been resolved. lululemon’s The only problem. The company’s stock price fell 10% before the bell after it lowered its full-year outlook due to lackluster product launches and negative media attention.

S&P 500 futures fell this morning following mixed trading on Wall Street.

Here are five important things investors need to know to start their trading day.

The May jobs report is scheduled to be released at 8:30 a.m. ET and will provide the latest outlook on the health of the job market after a stronger-than-expected start to the year. Economists and investors will be paying particular attention to signs of whether the “low employment, low layoffs” backdrop is improving.

Here’s what you need to know:

Economists expect the report to show nonfarm payrolls rose by 80,000 last month. This would be a slowdown from the 150,000 average over the past two months. However, figures released earlier this week gave reason for optimism as both private sector payrolls and job openings were higher than expected. According to JPMorgan’s trading desk, S&P500 Depending on this morning’s headline numbers, it could move by more than 1%. Prediction market traders, meanwhile, expect the report to beat Wall Street’s expectations. We are also looking at long-term unemployment. The number of Americans who have been unemployed for at least 27 weeks has ballooned by 55% in certain months this year compared to 2023.

shares of Quantinum It exited its Nasdaq listing yesterday with little change, giving the quantum computing company a market value of $15.7 billion.

Quantinuum CEO Rajeeb Hazra told CNBC yesterday that while quantum adoption is in its early stages, “the need for these types of computing resources is absolutely warranted.” The Colorado-based company’s customers include pharmaceutical, financial, and government organizations.

As CNBC’s Annie Palmer and Samantha Subin point out, Quantinuum’s debut comes at a busy time on the IPO calendar. SpaceX is scheduled to begin trading on the Nasdaq next week, while OpenAI is preparing to file a confidential prospectus in the coming weeks.

This week, a meat-eating screwfly was detected in a calf in Texas, marking the first confirmed case of the fly in the United States since 2017.

New World screwworm larvae can damage livestock by burrowing into the flesh of live animals, according to the Department of Agriculture. Officials at the federal and state level are working to contain and eradicate the fly.

biotech stocks Zoetis and Elanco Animal Health Both rose in yesterday’s trading following confirmation of the Texas case. The options market for the stock also overheated.

The 2025-2026 Broadway season saw a record $1.9 billion in ticket sales, demonstrating that despite inflationary pressures, consumers are still willing to shell out big bucks for the experience.

Other trends are also at play. Average ticket price increased 1.7% year over year. As CNBC’s Brandon Gomez reports, the jump highlights the shift from traditional musicals to celebrity-driven plays.

This Sunday’s Tony Awards ceremony could also lead to an increase in ticket sales for award-winning performances.

Here are some articles you may have missed this week.

—CNBC’s Jeff Cox, Fred Imbert, Ananya Chetia, Hugh Leask, Tobias Burns, Tanaya Macheel, Annie Palmer, Samantha Subin, Oliver Renick, Justina Lee and Brandon Gomez contributed to this report.

CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.