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Yahoo
07-06-2025
- Business
- Yahoo
Stock Market News for Jun 5, 2025
U.S. stocks ended mostly lower on Wednesday after data showed private sector payrolls hit a two-year low, suggesting that a lack of clarity over President Donald Trump's trade policies could weigh on the nation's economy. The S&P ended nearly flat, while the Dow slipped. However, the Nasdaq ended in positive territory. The Dow Jones Industrial Average (DJI) slid 0.2% or 91.90 points, to close at 42,427.74 points. The S&P 500 added 0.01% or 0.44 points to finish at 5,970.81 points. Utilities and energy stocks were the worst performers. The Utilities Select Sector SPDR (XLU) fell 1.8%, while the Energy Select Sector SPDR (XLE) declined 2%. The Financials Select Sector SPDR (XLF) lost 0.6%. Six of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq rose 0.3%, or 61.53 points, to end at 19,460.49 points. The fear-gauge CBOE Volatility Index (VIX) was down 0.45% to 17.61. Advancers outnumbered decliners on the NYSE by a 1.3-to-1 ratio. On Nasdaq, a 1.18-to-1 ratio favored advancing issues. A total of 14.5 billion shares were traded on Wednesday, lower than the last 20-session average of 17.8 billion. The Dow snapped its four-day winning streak, while the S&P 500 struggled on Wednesday as disappointing jobs data raised concerns over the economy's health. According to a report from payrolls processing company Automatic Data Processing, Inc. (ADP), the economy added only 37,000 private jobs in May, less than the downwardly revised 60,000 jobs in April and sharply lower than the consensus estimate of 110,000. Trump slammed Federal Reserve Chairman Jerome Powell moments after the figures were out, saying, 'Too Late, Powell,' as he called for immediate interest rate cuts. Investors also focused on trade negotiations between the United States and its trading partners. Trump and the Chinese President are scheduled to talk sometime this week as tensions cease to ease between the world's two biggest economies. The lack of clarity over Trump's upcoming tariff policies has raised concerns among investors. Stocks have rebounded over the past month, and investors are still confident that there will be a positive outcome from the ongoing trade negotiations between the United States and its trading partners. Meanwhile, shares of Tesla, Inc. (TSLA) declined 3.6% after the electric carmaker's sales fell for the fifth straight month in European markets. Also, shares of Dollar Tree, Inc. (DLTR) tumbled 8.4% after the retailer said that its second-quarter adjusted profit could plummet as much as 50% owing to the tariff-fueled volatility. Dollar Tree has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In other economic data released on Wednesday, the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) fell to 49.9 in May from April's reading of 51.6. This is the first time the services sector has declined in nearly a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Stock Market News for Jun 5, 2025
U.S. stocks ended mostly lower on Wednesday after data showed private sector payrolls hit a two-year low, suggesting that a lack of clarity over President Donald Trump's trade policies could weigh on the nation's economy. The S&P ended nearly flat, while the Dow slipped. However, the Nasdaq ended in positive territory. The Dow Jones Industrial Average (DJI) slid 0.2% or 91.90 points, to close at 42,427.74 points. The S&P 500 added 0.01% or 0.44 points to finish at 5,970.81 points. Utilities and energy stocks were the worst performers. The Utilities Select Sector SPDR (XLU) fell 1.8%, while the Energy Select Sector SPDR (XLE) declined 2%. The Financials Select Sector SPDR (XLF) lost 0.6%. Six of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq rose 0.3%, or 61.53 points, to end at 19,460.49 points. The fear-gauge CBOE Volatility Index (VIX) was down 0.45% to 17.61. Advancers outnumbered decliners on the NYSE by a 1.3-to-1 ratio. On Nasdaq, a 1.18-to-1 ratio favored advancing issues. A total of 14.5 billion shares were traded on Wednesday, lower than the last 20-session average of 17.8 billion. The Dow snapped its four-day winning streak, while the S&P 500 struggled on Wednesday as disappointing jobs data raised concerns over the economy's health. According to a report from payrolls processing company Automatic Data Processing, Inc. (ADP), the economy added only 37,000 private jobs in May, less than the downwardly revised 60,000 jobs in April and sharply lower than the consensus estimate of 110,000. Trump slammed Federal Reserve Chairman Jerome Powell moments after the figures were out, saying, 'Too Late, Powell,' as he called for immediate interest rate cuts. Investors also focused on trade negotiations between the United States and its trading partners. Trump and the Chinese President are scheduled to talk sometime this week as tensions cease to ease between the world's two biggest economies. The lack of clarity over Trump's upcoming tariff policies has raised concerns among investors. Stocks have rebounded over the past month, and investors are still confident that there will be a positive outcome from the ongoing trade negotiations between the United States and its trading partners. Meanwhile, shares of Tesla, Inc. (TSLA) declined 3.6% after the electric carmaker's sales fell for the fifth straight month in European markets. Also, shares of Dollar Tree, Inc. (DLTR) tumbled 8.4% after the retailer said that its second-quarter adjusted profit could plummet as much as 50% owing to the tariff-fueled volatility. Dollar Tree has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In other economic data released on Wednesday, the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) fell to 49.9 in May from April's reading of 51.6. This is the first time the services sector has declined in nearly a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
02-06-2025
- Business
- Yahoo
Stock Market News for Jun 2, 2025
U.S. stocks ended mostly unchanged on Friday in a volatile trading session as investors shook off trade war fears, while President Donald Trump slammed China for violating its initial trade agreement before sounding optimistic about reaching a trade deal. The Dow ended in the green, but the S&P 500 and Nasdaq finished in negative territory. The Dow Jones Industrial Average (DJI) rose 0.1% or 54.34 points, to end at 42,270.07 points. The S&P 500 shed less than 0.1% or 0.48 points to close at 5,911.69 points. Consumer staples and utility stocks were the biggest gainers, while consumer discretionary and energy stocks were the worst performers. The Utilities Select Sector SPDR (XLU) gained 1%, while the Consumer Staples Select Sector SPDR (XLP) rose 0.9%. The Energy Select Sector SPDR (XLE) fell 0.9%, while the Consumer Discretionary Select Sector SPDR (XLY) declined 0.5%. Nine of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq lost 0.3%, or 62.11 points, to finish at 19,113.77 points. The fear-gauge CBOE Volatility Index (VIX) was down 3.18% to 18.57. Decliners outnumbered advancers on the NYSE by a 1.14-to-1 ratio. On Nasdaq, a 1.43-to-1 ratio favored declining issues. A total of 19.34 billion shares were traded on Friday, higher than the last 20-session average of 18 billion. Friday saw a volatile trading session, with all three major indexes opening lower after Trump slammed China for violating the preliminary trade agreement. However, stocks recovered in the afternoon after Trump said that he would have a discussion with the Chinese President and work out the trade disputes. The uncertainties surrounding the tariffs and their impact after trade negotiations are over have kept markets volatile. Investors are now looking forward to a long-term trade deal between the United States and China but are unclear when it will be reached. Shares of Tesla, Inc. (TSLA) declined 3.3%. Also, shares of Salesforce, Inc. (CRM) declined 0.6%. Salesforce has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In economic data released on Friday, the Commerce Department reported that the personal consumption expenditure (PCE) index, the Federal Reserve's most favorite inflation gauge, climbed 0.1% sequentially in April and 2.1% on a year-over-year basis, after increasing 2.3% in March. Core PCE, which strips out the volatile food and energy components, rose 0.1% sequentially in April and 2.5% from year-ago levels, the smallest advance since March 2021. The Federal Reserve tracks PCE for its 2% inflation target. Meanwhile, consumer spending slowed in April, increasing 0.2% month over month after jumping 0.7% in the prior month. Year over year, consumer spending rose 2.1% in April. Personal income rose 0.8% month over month in April. All three major indexes rose for the week, with the S&P 500 and Dow ending 1.9% and 1.6% higher, respectively. The Nasdaq added 2% for the week. It was one of the best months for all three indexes in more than two years. The S&P 500 and the Nasdaq gained 6.2% and 9.6% for the month, to record their best months since March 2023. The Dow gained 3.9% for the month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
