Market Open: Tech Stocks Rebounding, Dow Under Pressure, Moderna Rallies

0:02Jill Schneider: I'm Jill Schneider, CNBC. Stocks opening mixed on this Friday with tech stocks rebounding after yesterday's sell-off. The Nasdaq up 325 points. The Dow still under pressure, lower by 480. The S &P 500 up 23 points. The economy added 165 ,000 jobs last month, way more than expected. The unemployment rate slipped a notch to 4.1%. Shares of SpaceX and Tesla moving higher in early trading after tumbling Thursday, investors concerned that Elon Musk could face new congressional probes and his company's stricter regulation following the U.S. midterm elections. Ron Barron, founder and CEO of Barron Capital, tells CNBC whatever Musk decides about combining SpaceX and Tesla, he'll support him.

0:47We're investors in SpaceX and in Tesla, and a very significant portion of our assets are in both companies. I think we've already made with him, what did I say,$30 billion. And I think that over the next 10 years, I think we're going to make hundreds of billions of dollars, hundreds.

1:11Jill Schneider: Shares of Moderna rallied nearly 10 % in early trading. The company smashed third quarter estimates and raised its outlook for full-year sales growth. Moderna now expects 2026 revenue growth of 15 to 25 percent, up from previous guidance of no more than 10 percent. Airbnb shares jumped 13 percent after the online lodging marketplace posted third quarter results that beat Wall Street estimates. Jill Schneider, CNBC. Tyler Reddick here from 2311 Racing. And Bubba Wallace. You know what's the worst part of a race? A rain delay. Sitting around waiting for the track to dry is dull. But instead of waiting, we hang out with Chumba Casino.

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