Happy Friday.
Stocks fall, a tepid September jobs report, and Tesla is moving to Texas.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell slightly on Friday after a weak September jobs report.
The U.S. added 194,000 jobs in September, much lower than the 500,000 estimate.
The positive? The weak report could mean that the Fed will delay its tapering plans (good for stocks).
Some analysts remain optimistic about the path for stocks through the end of the year as the delta variant eases and lawmakers agreed to extend the debt limit.
The crypto market was relatively flat on Friday, with Bitcoin trading near $54k, as price consolidates after surging earlier in the week.
Catch Up
Elon Musk announced that Tesla is moving its headquarters from California to Texas.
Nearly 140 countries agreed to set a global minimum tax rate of 15%.
U.S. crude oil price tops $80 a barrel, the highest since 2014.