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Stock market today: Dow, S&P 500, Nasdaq futures jump amid jobs report beat, hopes for US-China talks

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Stock market today: Dow, S&P 500, Nasdaq futures jump amid jobs report beat, hopes for US-China talks

US stock futures jumped on Friday as a solid jobs report and possible thawing in US-China trade tensions boosted spirits after earnings from Apple (AAPL) and Amazon (AMZN) shed light on the likely cost of tariffs.

Dow Jones Industrial Average futures (YM=F) moved up 1.2%, eyeing a ninth straight day of gains for the blue-chip index. S&P 500 futures (ES=F) added 1.3%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) moved up 1.2%.

The monthly US jobs report came in better than expected, indicating labor resiliency despite a stock market shock following President Trump’s “Liberation Day” reciprocal tariff announcements. The US economy added 177,000 nonfarm payrolls in April, more than the 138,000 expected by economists. The unemployment rate held steady at 4.2%.

CME – Delayed Quote USD

As of 9:12:15 AM EDT. Market Open.

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ES=F YM=F NQ=F

Meanwhile, Beijing is evaluating US officials’ recent overtures on trade talks to assess how serious his administration is about a shift in policy stance, China’s commerce ministry said on Friday. It said the “door is open” if the US agrees to pull back on reciprocal tariffs, paving the way to starting formal negotiations.

Read more: The latest on Trump’s tariffs

The comments helped ease worries about the risk of economic slowdown from Trump’s trade offensive. Stock futures reversed course after dropping in the wake of Apple and Amazon results, which stoked those tariff concerns.

Apple warned of a $900 million tariff headwind this quarter and cut its share buyback program by $10 billion, sending its stock lower in pre-market trading despite its quarterly earnings beat. Meanwhile, Amazon shares also lost ground, its own earnings beat outweighed by disappointing guidance that pointed to tariff and trade policy as factors.

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LIVE 6 updates

  • April jobs report shows US labor market remained resilient in wake of ‘Liberation Day’ tariff announcement

    Yahoo Finance’s Josh Schafer and Myles Udland report:

    Read more here.

  • April jobs report expected to show hiring slowed amid tariff uncertainty

    Eyes are on monthly jobs report, the first since President Trump’s “Liberation Day” tariff launch, for signs of cooling in the labor market.

    Economists expect nonfarm payrolls to have risen by 135,000 in April and the unemployment rate to hold steady at 4.2% when the report is released at 8:30 a.m. ET. In March, the economy added 228,000 jobs

    Yahoo Finance’s Josh Schafer reports:

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    Read more here.

  • Jenny McCall

    Good morning. Here’s what’s happening today.

  • Reddit stock pares post-earnings gains on Google risk

    Reddit (RDDT) is betting that growth in digital ad spending will drive strong revenue in the second quarter, putting out a forecast that topped Wall Street estimates on Thursday.

    Shares in the social media company surged 20% in extended trading soon after its earnings report. But they pared gains in Friday’s premarket, trading about 7% higher, after Reddit’s CEO warned about a potential Google (GOOG, GOOGL)-related impact.

    Reuters reports:

    Read more here.

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  • Asia stocks rise as Beijing signals it’s open to trade talks

    Asian markets saw gains overnight Thursday following announcements from the Chinese Commerce Ministry that the country is seriously evaluating overturning tariffs in negotiations with the US. The news comes as the first step toward breaking the economic stalemate that has developed between the two countries and shaken the global economy.

    AP Finance reports:

    Read more here.

  • Gold sinks as tech earnings pull investors out of haven

    Gold (GC=F) is heading for consecutive weekly losses for the first time in 2025 after a record-breaking run for the commodity. The haven asset touched $3,500 last week before starting a sharp decline as tech earnings have pulled investors back into the stock market despite recent trade war-induced volatility.

    Bloomberg reports:

    Read more here.

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School board member who hugged teen and called her ‘hot’ is charged with assault

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School board member who hugged teen and called her ‘hot’ is charged with assault

A Tennessee school board member who hugged a teenage girl and called her “hot” at a public meeting last month has been charged with assault, court records show.

The charge of assault — physical contact stems from an incident on April 2, when Keith Ervin put his arm around the girl, a student member of the board, hugged her from the side and told her, “God, you’re hot,” after she had just wrapped up asking questions about career and technical education.

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A lawyer who could speak on Ervin’s behalf was not listed in Washington County court records, and Ervin did not immediately respond to an email seeking comment Tuesday night.

During the public comment part of a May 7 meeting, the student called the adult members of the school board “cowards” for what she characterized as their “failure to act.”

“To begin, I want to address Ervin’s actions, which were not only unwelcome, but sexist and derogatory,” she said, standing at a podium in front of the members, including Ervin, who sat with his arms crossed as she spoke. “I know this because he has not behaved this way with any of our male members, nor do I believe that he ever would.”

Following public outcry, Ervin apologized for his actions. At an April 8 meeting, he said his calling the girl “hot” was intended to mean “she was on a roll” and had nothing to do with her appearance.

The board censured Ervin, a member since 2006, at that meeting. In a statement Tuesday to NBC affiliate WCYB of Bristol, it said that because Tennessee law dictates school board members are independently elected officials, it does not have the authority to remove them, including Ervin.

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“The Board reiterates that Mr. Ervin’s actions do not reflect the standards, policies, or values of the school district,” the statement said. “The Board will defer to law enforcement and the judicial system for the resolution of these charges.”

In her public comments, the teen told the board members that she does not accept “your fake apologies used to protect yourselves. I do not believe that you deserve that peace of mind.”

The members did not respond to her and moved on to other meeting agenda items.

Ervin’s first court appearance is scheduled for August.

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Video: Tornado Rips Through Rural Community in Nebraska

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Video: Tornado Rips Through Rural Community in Nebraska

new video loaded: Tornado Rips Through Rural Community in Nebraska

A tornado left a trail of destruction in a rural community in Howard County, Neb., destroying four newly-built homes, according to a local official.
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By Jackeline Luna

May 19, 2026

Watch Today’s Videos

    Severe Weather Threatens Tens of Millions in Midwest

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    A Hunger Crisis in Somalia Is Being Worsened by the Middle East War

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    Tornadoes and Thunderstorms Damage Hundreds of Buildings in Mississippi

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    Severe Storm Pummels Texas With Golf Ball-Sized Hail

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    Deadly Storm Brings Tornadoes and Severe Weather to North Texas

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    Tornado Strikes an Air Force Base in Oklahoma

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Minnesota becomes first state to ban prediction markets

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Minnesota becomes first state to ban prediction markets

Minnesota has enacted the most far-reaching crackdown on massively popular services like Kalshi and Polymarket.

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Minnesota Gov. Tim Walz has signed the nation’s first law banning prediction market sites from operating in the state, and in response, the Trump administration has sued, teeing up a legal battle over the most far-reaching crackdown on popular services like Kalshi and Polymarket.

It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.

The new state law makes it a crime to host or advertise a prediction market, which it defines as a system that lets consumers place a wager on a future outcome, like sports, elections, live entertainment, someone’s word choice and world affairs.

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The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.

It would force prediction market sites like Kalshi and Polymarket to leave the state, or face possible felony charges. The law takes effect in August.

“We as a state should decide how best and what regulations we think should attach to gambling, to protect public safety, to protect our kids,” said Minnesota Rep. Emma Greenman, the Democrat who introduced the measure.

The law has a carve-out for event contracts that serve as an insurance policy in the event of “harm, or loss sustained” and for the purchase of securities and other commodities.

The Commodity Futures Trading Commission’s lawsuit seeks to block the law before it starts, arguing the prediction market industry should be exclusively regulated by federal officials.

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“This Minnesota law turns lawful operators and participants in prediction markets into felons overnight,” said CFTC Chairman Michael Selig. “Minnesota farmers have relied on critical hedging products on weather and crop-related events for decades to mitigate their risks. Governor Walz chose to put special interests first and American farmers and innovators last.”

Besides Minnesota, bills cracking down on the prediction market industry have been introduced in seven other states, according to the National Conference of State Legislators. Two of those states, Hawaii and North Carolina, have pending bills seeking to ban the industry statewide.

Experts say the cloud of legal uncertainty hanging over prediction markets apps have not slowed their rapid growth.

“The states are using any tactic they can to go after the prediction market companies,” said Melinda Roth, a professor at Washington and Lee University’s School of Law, who studies the industry. “But they’ve embarked on a too big to fail strategy and have become quite mainstream,” she said. “It will be hard to put that genie back in the bottle.”

A legal fight over the Minnesota ban is expected. Questions over whether states or the federal government should oversee the prediction market industry have already triggered more than 20 lawsuits. One of those cases, in Nevada, led to Kalshi pausing its sports betting in the state after a judge found it “indistinguishable” from state-regulated sports gambling.

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The Commodity Futures Trading Commission has filed federal lawsuits against five states, including Arizona, Wisconsin and New York, attempting to override state regulators’ attempts to rein in the betting sites.

The CFTC has argued it has exclusive jurisdiction over prediction markets, even though former CFTC members and legal experts say bets on football games, words President Trump might say during a press conference and whether Ricky Martin will make an appearance at the Super Bowl are matters far outside its traditional scope.

In a statement to NPR, Kalshi spokeswoman Elisabeth Diana said banning prediction markets is a “blatant violation” of the law.

“Minnesota banning prediction markets is like trying to ban the New York Stock Exchange,” said Diana, adding that “this actively harms users because it reduces competition and drives activity offshore.”

A Polymarket spokesman told NPR that Minnesota’s ban runs counter to the federal government’s “established framework” for regulating prediction markets.

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Tribal-owned casinos operate in Minnesota, but online gambling and sports betting are not legal in the state.

Prediction markets like Kalshi and Polymarket have given access to sports betting to people in states where the activity is prohibited, since the Trump administration regulates the sites as a type of “event contract,” rather than gambling, which typically is overseen by state gaming authorities.

Nonetheless, sports gambling powers the sites. On Kalshi, for instance, more than 85% of trading activity is related to a sporting event, some of those trades being “parlays,” high-risk wagers that multiple things, points scored, fouls, passes, will all happen.

Bettors on the sites are making billions of dollars in trades every week, even as questions around insider trading and how the markets can create perverse incentives for people to manipulate real world outcomes continue to vex the companies.

Minnesota Public Radio News reporters Dana Ferguson and Peter Cox contributed reporting to this story.

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