Wall Street stocks opened flat after jobs figures showed a decline in the unemployment rate. Here’s what we’re watching in Friday’s trading:

• Some meme stocks were bouncing back after a rough start to the year. The WSJ reported that GameStop is planning to launch a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships. Another retail-trader favorite, AMC Entertainment , was up in early trading.

• Bed Bath & Beyond was up, building on Thursday’s 8% rise. The gains came after the retailer reported disappointing quarterly results—but the company has also been part of the meme stock craze of the past year, so big swings aren’t out of the ordinary.
• Absci surged more than 50% premarket after the drug and target discovery company said it formed a research collaboration potentially worth more than $600 million with Merck that will use Absci’s AI-powered platform.
• The New York State Gaming Commission said Thursday that four mobile sports gambling operators—Caesars Sportsbook, FanDuel, DraftKings and Rush Street Interactive—can launch as soon as Saturday and that they have met requirements to take and process bets.
• T-Mobile US reported fewer new subscribers during the recent quarter than analysts had been expecting.
• Rivian Automotive shares briefly dipped below their IPO price on Thursday, and its finance chief said the company plans to put growth before profit as it looks to build out the business.
• RBC Capital cut its price target and rating for the Starbucks .