Dow Jones, Nasdaq debate direction before non-farm payrolls

U.S. stock futures inched between slight gains and losses overnight after the major averages trended down in Thursday's session as the meme trade faltered (more on that below). Other social media sensitive areas of the market, like crypto, also headed lower, with Bitcoin (BTC-USD) slipping 6.6% to $36,510. The culprit? Elon Musk tweeted a meme about a couple breaking up, adding the hashtag #Bitcoin and a broken heart emoji.What happened to the meme trade? Just a day after taking a renewed embrace of retail traders, offering them special screenings and free popcorn, AMC and Co. used the spike in its stock to raise even more capital by selling 11.5M shares. It also came with a stark warning: "The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common