Stock market today: Dow, S&P 500, Nasdaq waver with all eyes on trade talks after OECD warning
US stocks wavered on Tuesday as an OECD warned of economic damage from President Trump's tariffs, putting investors on watch for progress in US trade talks.
The S&P 500 (^GSPC) traded near the flat line, while the Dow Jones Industrial Average (^DJI) fell about 0.1%. The tech-heavy Nasdaq Composite (^IXIC) was little changed on the heels of an upbeat start to the week for the major gauges.
The OECD has slashed its outlook for global economic growth, citing the impact of Trump's trade policy on investment and confidence. The US economy will slow particularly sharply, the OECD forecast, going from 2.8% growth last year to only 1.6% this year and 1.5% in 2026.
In another sign of trade war taking a toll, China's manufacturers suffered their worst slump since 2022 in May. Tariff hikes had an impact on smaller exporters despite the US-China trade truce, a private survey found.
Countries need to act fast to seal deals to lower trade barriers, the OECD urged. Trump is reportedly pushing trade partners for their "best offers" by Wednesday, as deadlines for the implementation of "reciprocal" tariffs loom. But progress in trade talks with key nations seems to have stalled as US-China tensions simmer amid hopes for a call between Trump and President Xi as soon as this week.
Read more: The latest on Trump's tariffs
A JOLTS update on job openings in April, due later, will provide insight into how the labor market has fared since the tariff hikes began. It will also set the stage for the all-important May jobs report, which is set for release on Friday.
Meanwhile, with nearly all of the S&P 500 companies having finished reporting their results, earnings season is coming to an end. On Tuesday, CrowdStrike (CRWD), Asana (ASAN), and Hewlett Packard Enterprise (HPE) will issue their reports.
Job openings unexpectedly rose in April after hovering near a four-year low the month prior.
New data from the Bureau of Labor Statistics showed 7.39 million jobs open at the end of April, an increase from the 7.2 million seen in March. The data comes as investors closely watch for any signs that economic growth may be slowing further.
The March figure was revised higher from the 7.19 million open jobs initially reported. Economists surveyed by Bloomberg had expected Tuesday's report to show 7.1 million openings in March. The April survey included data from the first month that the most severe versions of President Trump's tariffs were in effect.
The Job Openings and Labor Turnover Survey (JOLTS) also showed that 5.57 million hires were made during the month, up slightly from the 5.4 million made during March. The hiring rate held ticked up to 3.5% from 3.4% prior. In one sign that workers may becoming more cautious about labor market conditions, the quits rate, a sign of confidence among workers, moved down slightly to 2% from 2.1% in March.
US stocks wavered on Tuesday as investors await more updates on President Trump's tariffs.
The S&P 500 (^GSPC) traded near the flat line while the Dow Jones Industrial Average (^DJI) fell about 0.1%. The tech-heavy Nasdaq Composite (^IXIC) was little changed on the heels of an upbeat start to the week for the major gauges.
Here are some top stocks trending on Yahoo Finance this morning:
Applied Digital (APLD) stock added 8% in premarket trading to a whopping 48% gain on Monday after announcing it signed two long-term lease agreements with Nvidia-backed CoreWeave (CRWV) for AI data centers. CoreWeave also rose 4% premarket.
Constellation Energy (CEG) jumped 11% after the energy company secured a 20-year nuclear power purchase agreement from Meta (META). The deal also boosted other nuclear stocks, including Vistra (VST) (up 5%) and Oklo (OKLO) (up 6%). Scroll down to read more about Constellation's deal.
Dollar General (DG) stock surged 11% on better-than-expected earnings and a raised annual forecast. The discount retailer is expected to be resilient in a weaker economic environment.
Pinterest (PINS) shares gained nearly 4% after JPMorgan upgraded its rating on the stock to Outperform from Neutral. The JPMorgan analysts also raised their price target on the stock to $40 (from $35 previously), citing improving user numbers and ad technology.
Check out more trending tickers here.
Constellation Energy (CEG) stock surged more than 12% in premarket trading following news that it struck a 20-year power purchase agreement (PPA) with Meta (META). Meta stock was roughly unchanged.
Starting in June 2027, Meta will buy 1,121 megawatts of energy from Constellation's Clinton nuclear facility in Illinois, powering its AI ambitions while supporting its clean energy goals, a release stated.
The Clinton Clean Energy Center was nearly retired in 2017 after financial losses, but a state clean energy program kept the facility operational until mid-2027. Meta's PPA now ensures that the plant will continue to run once that program ends, essentially replacing that financial support.
Though Constellation and Meta did not announce a price tag for the deal, they noted it "backs billions in plant investments," marking one of the largest nuclear energy agreements so far.
Meta has signed a number of power purchase agreements in recent months — along with the other hyperscalers like Google (GOOG), Amazon (AMZN), Microsoft (MSFT) — as Big Tech races to ensure it can power the artificial intelligence boom.
Reuters reports:
Read more here.
Shares in Dollar General (DG) rose 10% in premarket trading on Tuesday, after the retailer raised its annual sales forecast and beating quarterly sales estimates on robust demand for everyday essentials.
Reuters reports:
Earnings: Asana (ASAN), CrowdStrike (CRWD), Dollar General (DG), Hewlett Packard Enterprise (HPE), Nio (NIO), Ollie's (OLLI), Signet Jewelers (SIG)
Economic data: JOLTS Job Openings (April); Factory and Durable goods orders (April); Capital goods orders (April final); Capital goods shipments (April final)
Here are some of the biggest stories you may have missed overnight and early this morning:
Boeing is the US government's favorite trade talk tool
Why the 'Magnificent 7' are outperforming other stocks again
Trump tariffs: A Supreme Court test may make or break their fate
OECD warns of tariff hit to growth as US pushes for deals
Google stock could fall 25% on 'black swan event': Barclays
Nvidia's $1 trillion rally has traders primed to ramp back up
Wall Street games out how to profit from Trump tariff flip-flops
Yahoo Finance's Josh Schafer reports:
Read more here.
President Trump's trade war has dragged the global economy into a downturn, with the US among those hardest hit, the OECD has warned.
Trade barriers and uncertainty are stifling investment and undermining confidence, the organization said on Tuesday as it slashed its forecasts for leading economies for the second time this year. Trump's policy shift is also adding to inflationary pressures, it said.
The Financial Times reported:
Read more here
Oil prices rose Monday evening as major producers Iran and Canada were struck with issues. Iran has an ongoing deal with the US in jeopardy over a potential pivot to nuclear while Canada is facing wildfires.
Reuters reports:
Read more here.
Job openings unexpectedly rose in April after hovering near a four-year low the month prior.
New data from the Bureau of Labor Statistics showed 7.39 million jobs open at the end of April, an increase from the 7.2 million seen in March. The data comes as investors closely watch for any signs that economic growth may be slowing further.
The March figure was revised higher from the 7.19 million open jobs initially reported. Economists surveyed by Bloomberg had expected Tuesday's report to show 7.1 million openings in March. The April survey included data from the first month that the most severe versions of President Trump's tariffs were in effect.
The Job Openings and Labor Turnover Survey (JOLTS) also showed that 5.57 million hires were made during the month, up slightly from the 5.4 million made during March. The hiring rate held ticked up to 3.5% from 3.4% prior. In one sign that workers may becoming more cautious about labor market conditions, the quits rate, a sign of confidence among workers, moved down slightly to 2% from 2.1% in March.
US stocks wavered on Tuesday as investors await more updates on President Trump's tariffs.
The S&P 500 (^GSPC) traded near the flat line while the Dow Jones Industrial Average (^DJI) fell about 0.1%. The tech-heavy Nasdaq Composite (^IXIC) was little changed on the heels of an upbeat start to the week for the major gauges.
Here are some top stocks trending on Yahoo Finance this morning:
Applied Digital (APLD) stock added 8% in premarket trading to a whopping 48% gain on Monday after announcing it signed two long-term lease agreements with Nvidia-backed CoreWeave (CRWV) for AI data centers. CoreWeave also rose 4% premarket.
Constellation Energy (CEG) jumped 11% after the energy company secured a 20-year nuclear power purchase agreement from Meta (META). The deal also boosted other nuclear stocks, including Vistra (VST) (up 5%) and Oklo (OKLO) (up 6%). Scroll down to read more about Constellation's deal.
Dollar General (DG) stock surged 11% on better-than-expected earnings and a raised annual forecast. The discount retailer is expected to be resilient in a weaker economic environment.
Pinterest (PINS) shares gained nearly 4% after JPMorgan upgraded its rating on the stock to Outperform from Neutral. The JPMorgan analysts also raised their price target on the stock to $40 (from $35 previously), citing improving user numbers and ad technology.
Check out more trending tickers here.
Constellation Energy (CEG) stock surged more than 12% in premarket trading following news that it struck a 20-year power purchase agreement (PPA) with Meta (META). Meta stock was roughly unchanged.
Starting in June 2027, Meta will buy 1,121 megawatts of energy from Constellation's Clinton nuclear facility in Illinois, powering its AI ambitions while supporting its clean energy goals, a release stated.
The Clinton Clean Energy Center was nearly retired in 2017 after financial losses, but a state clean energy program kept the facility operational until mid-2027. Meta's PPA now ensures that the plant will continue to run once that program ends, essentially replacing that financial support.
Though Constellation and Meta did not announce a price tag for the deal, they noted it "backs billions in plant investments," marking one of the largest nuclear energy agreements so far.
Meta has signed a number of power purchase agreements in recent months — along with the other hyperscalers like Google (GOOG), Amazon (AMZN), Microsoft (MSFT) — as Big Tech races to ensure it can power the artificial intelligence boom.
Reuters reports:
Read more here.
Shares in Dollar General (DG) rose 10% in premarket trading on Tuesday, after the retailer raised its annual sales forecast and beating quarterly sales estimates on robust demand for everyday essentials.
Reuters reports:
Earnings: Asana (ASAN), CrowdStrike (CRWD), Dollar General (DG), Hewlett Packard Enterprise (HPE), Nio (NIO), Ollie's (OLLI), Signet Jewelers (SIG)
Economic data: JOLTS Job Openings (April); Factory and Durable goods orders (April); Capital goods orders (April final); Capital goods shipments (April final)
Here are some of the biggest stories you may have missed overnight and early this morning:
Boeing is the US government's favorite trade talk tool
Why the 'Magnificent 7' are outperforming other stocks again
Trump tariffs: A Supreme Court test may make or break their fate
OECD warns of tariff hit to growth as US pushes for deals
Google stock could fall 25% on 'black swan event': Barclays
Nvidia's $1 trillion rally has traders primed to ramp back up
Wall Street games out how to profit from Trump tariff flip-flops
Yahoo Finance's Josh Schafer reports:
Read more here.
President Trump's trade war has dragged the global economy into a downturn, with the US among those hardest hit, the OECD has warned.
Trade barriers and uncertainty are stifling investment and undermining confidence, the organization said on Tuesday as it slashed its forecasts for leading economies for the second time this year. Trump's policy shift is also adding to inflationary pressures, it said.
The Financial Times reported:
Read more here
Oil prices rose Monday evening as major producers Iran and Canada were struck with issues. Iran has an ongoing deal with the US in jeopardy over a potential pivot to nuclear while Canada is facing wildfires.
Reuters reports:
Read more here.
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Nexus Uranium Comments on Recent Uranium Market Developments
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Los Angeles Times
19 minutes ago
- Los Angeles Times
Can Elon Musk get Tesla back on track? Here are four road bumps
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Los Angeles Times
19 minutes ago
- Los Angeles Times
Voters wanted immigration enforcement, but not like this
Many voters elected President Trump to end border chaos. Illegal immigration remains low, but voters' opinions of his immigration policies as a whole have soured. The reason is that they view Trump's actions away from the border as just more chaos. Americans aren't against enforcement. But not like this. So what's the root problem — and what's the real fix? The public's perception of chaos stems from the fact that Trump's policies appear arbitrary. Under President Biden, no one knew why people were getting into the country. Now no one knows why people are getting thrown out. Under Biden, people came illegally or chaotically. Now people are being deported illegally or chaotically. The public cares about order in both directions. America shouldn't be doomed to oscillate between two types of chaos. Instead, we need to reembrace the antidote for chaos: the rule of law. In popular speech, the 'rule of law' often just means following whatever the government says. But our nation's founders meant something else entirely. For them, the rule of law was the opposite of the 'rule of men' — which leaves government dictates, and the fate of residents, to the leaders' whims in the moment. The founders saw the rule of law as general predictable rules publicly known to and applicable to all. As James Madison wrote, 'Law is defined to be a rule of action; but how can that be a rule, which is little known, and less fixed?' For Madison, the hallmark of the rule of man was 'instability' (i.e. chaos). The separation of powers provided the Madisonian cure. 'The accumulation of all powers, legislative, executive, and judiciary, in the same hands,' he said, 'may justly be pronounced the very definition of tyranny' because 'the life and liberty of the subject would be exposed to arbitrary control.' Arbitrariness is just chaos by another name. During Biden's term, much of the border chaos traces to the fact that immigrants never really knew what the rule was. On paper, it was illegal to cross between ports and legal to cross at them. In reality, at least from 2021 to 2023, ports were mostly closed, and about half of the illegal crossers were allowed to stay. Moreover, the actual determination of who got in and who got tossed was made by agents at the border, not based on asylum statutes passed by Congress or any other known rule. This was the rule of man, not the rule of law, and the chaotic results were readily apparent. Unfortunately, the chaos has not dissipated — it's only moved locations: from the border to the interior. The basic framework of Trump's interior enforcement is that it is whimsical and arbitrary. It is not about 'merit,' not about public safety threats, not even about people here illegally or about 'noncitizens,' as Trump is seeking to strip U.S. citizenship from people and remove U.S. citizenship for many U.S.-born children.. There's no articulable rule. Consider that Trump is arresting highly educated, lawful immigrant students for op-eds written long ago. Setting aside the 1st Amendment, the founders would be — or actually were — equally aghast at the 'subjecting of men to punishment for things which, when they were done, were breaches of no law, and the practice of arbitrary imprisonments.' The rule of man is back, and it's as chaotic as ever. Trump has empowered agents to strip immigrants of lawful status and immediately deport them. They are even arresting lawful immigrants based on secret criteria (like forbidden tattoos) and sending them without due process to a foreign prison. Judge. Jury. Executioner. R.I.P. Madison's definition of tyranny. All this is unnecessary. Restoring the rule of law can end the chaos. That starts with clear, consistent and predictable rules. The immigration rules were, before Trump, notoriously known as 'second only to the Internal Revenue Code in complexity.' The policies rapidly change from administration to administration and even from month to month. The U.S. needs straightforward, transparent policies on immigration. When the government accuses someone of being in violation of the law, clear rules would enable rapid implementation in accordance with due process. This enforcement would naturally channel people into legal ways to enter and live in the United States. Once someone is granted a legal way to enter, that decision should not be reopened — absent some significant new facts. America can end the immigration chaos. This vision of an immigration policy animated by the rule of law is achievable, but no one in government has focused on achieving it. David J. Bier is the director of immigration studies at the Cato Institute.
