Futures climb, Twitter slumps as Musk puts deal on hold

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Reuters

(Reuters) – U.S. stock index futures rebounded on Friday at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter plunged after Elon Musk put his deal for the social media company on hold. Twitter Inc slid 17.5% in premarket trading after the Tesla Inc chief executive said the $44-billion deal was “temporarily on hold”, citing pending details on spam and fake accounts. Shares of Tesla jumped 5.3% after tumbling 27% since the Twitter deal was announced last month. Other tech and growth stocks Meta Platforms, Google-owner Alphab…

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