View Live Stock Market TodayMajor Indexes Show Mixed Performance at Midday
The major U.S. stock indexes are showing mixed performance at midday on Tuesday, June 3, 2025, as investors digest new economic data and ongoing trade tensions. The S&P 500 is down 0.2% at midday, retreating slightly from yesterday’s 0.41% gain. The tech-heavy Nasdaq Composite has slipped 0.1%, while the Dow Jones Industrial Average is struggling to maintain positive territory, currently up just 0.05%.
“The market is no longer enticing the type of buying demand that was apparent between mid-April and mid-May,” notes market analyst Jon Vialoux, pointing to a potential digestive period heading into the end of the second quarter.
Trade Tensions Continue to Weigh on Markets
Trade concerns remain at the forefront of investor minds after the Organisation for Economic Co-operation and Development (OECD) sharply lowered its growth forecasts for the U.S. and global economy. The OECD now expects U.S. annual real GDP growth to fall to 1.6% in 2025 and 1.5% in 2026, down from 2.8% in 2024, citing challenges from tariffs and policy uncertainty.
President Donald Trump’s recent announcement about doubling steel tariffs to 50% continues to impact various sectors. While steel producers like Cleveland-Cliffs (CLF), Steel Dynamics (STLD), and Nucor (NUE) saw significant gains yesterday, automakers General Motors (GM), Ford Motor (F), and Stellantis (STLA) are under pressure today as investors worry about increased manufacturing costs.
Key Economic Data Released Today
Today’s economic calendar features several important releases. The April factory orders report showed a 3.2% decline, a significant reversal from March’s 4.3% increase, suggesting potential cooling in manufacturing activity.
Investors are also closely watching the Job Openings and Labor Turnover Survey (JOLTS) data released at 10:00 AM ET, which will provide insights into labor market conditions ahead of Friday’s crucial employment report.
Federal Reserve officials are active today, with Chicago Fed President Austan Goolsbee and Fed Governor Lisa Cook scheduled to speak later this afternoon, potentially offering clues about the central bank’s thinking on interest rates.
Earnings in Focus
Several notable companies reported earnings before the opening bell today. Dollar General (DG) shares are surging after the discount retailer reported better-than-expected quarterly results and raised its full-year guidance, despite a 10.91% year-over-year decrease in earnings per share.
Ferguson Enterprises (FERG), a machinery company, reported earnings of $2.01 per share, representing a 13.36% decrease compared to the same quarter last year.
Chinese electric vehicle maker NIO (NIO) reported a narrower-than-expected loss of $0.22 per share, representing a 38.89% improvement from the same period last year, though the stock is trading lower amid broader concerns about Chinese companies.
Sector Performance and Notable Movers
Energy stocks are outperforming today as oil prices remain elevated following OPEC+’s decision to raise output by a smaller-than-anticipated amount. West Texas Intermediate crude is trading near $63.40 per barrel.
Technology stocks are facing pressure, with major names like Alphabet (GOOG), Tesla (TSLA), Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Meta Platforms (META) all trading lower at midday.
In other corporate news, Elon Musk’s brain tech startup Neuralink announced it has closed a $650 million funding round led by ARK Invest, Founders Fund, Sequoia Capital, and other major investors. The company is developing brain-computer interface technology aimed at helping patients with severe paralysis.
Looking Ahead
Investors are looking forward to several key economic reports later this week, including ADP employment data tomorrow, followed by the crucial May employment report on Friday, which is expected to show the addition of approximately 125,000 jobs and an unemployment rate of 4.2%.
Campbell’s CEO Mick Beekhuizen’s recent comments that people are cooking at home at the highest levels since early 2020 have raised concerns about consumer spending, which could impact upcoming GDP readings.
As trade tensions persist and economic data continues to roll in, market participants remain cautious but attentive to potential opportunities in this evolving landscape.