By Liz Moyer
Investing.com -- U.S. stocks are lower on Friday after a stronger than expected jobs report. Here are the midday movers for June 3:
- Tesla Inc (NASDAQ:TSLA) shares fell 8% after CEO Elon Musk reportedly said in an email that he was worried about the economy and wanted to cut 10% from the electric vehicle maker's employee base, according to Reuters.
- Kohl's Corp (NYSE:KSS) shares rose 2% after a report the department store chain had attracted two takeover offers, one from private-equity firm Sycamore Partners and the other from retail holding company Franchise Group (NASDAQ:FRG).
- Coinbase Global Inc (NASDAQ:COIN) shares fell 8% after reports the cryptocurrency exchange operator was extending its hiring pause and rescinding some job offers it recently made, citing the macroeconomic environment.
- Frontier Group Holdings Inc (NASDAQ:ULCC) shares dipped 4.4% after it said it would pay a $250 million fee if regulators fail to approve its planned merger with Spirit Airlines (NYSE:SAVE). Spirit shares fell 3.4%.
- Turning Point Therapeutics Inc (NASDAQ:TPTX) shares doubled after Bristol Myers (NYSE:BMY) Squibb announced plans to buy it for $76 a share.
- Crowdstrike Holdings Inc (NASDAQ:CRWD) shares fell 5.7% despite announcing better than expected earnings and boosting its fiscal year outlook.
- Okta Inc (NASDAQ:OKTA) shares rose 7% after beating expectations for earnings in the fiscal first quarter and raising its outlook.