NewsWare’s Trade Talk: Friday, June 3

S&P Futures are moving lower this morning. Key economic data report due out this morning is the Non-Farm Payrolls which is expected to show that U.S. employers likely added jobs at a healthy clip in May, though they estimate the pace of hiring slowed from the month prior as companies confronted a tight labor

market and rising economic uncertainty. TSLA announced that they will be cutting their workforce by 10%. The strong dollar is causing tech firms to review their earnings guidance.