Back on is Elon Musk's $44 billion Twitter acquisition.

The S&P 500 gave up some of its gains on Friday following a mixed U.S. jobs data after a strong two-day rise to start October.

According to the Labor Department, the U.S. economy added 263,000 jobs in April,

more than the 250,000 jobs that the average economist had predicted.

The Federal Reserve may now continue aggressively hiking interest rates to fight inflation

because the unemployment rate in the United States has dropped to 3.5%.

Elon Musk, the CEO of Tesla, made a startling about-face on Thursday, declaring in a court document his intention to purchase Twitter 

at his initial offer price of $54.20 per share and his desire for Twitter to cease its legal action against him.