See All Market Updates LiveMajor Indexes Pull Back After Monday’s Gains
U.S. stock futures are pointing lower in after-hours trading on Tuesday, June 3, 2025, following a day where markets initially shook off trade tensions. The S&P 500 futures are down 0.21%, Nasdaq 100 futures have declined 0.18%, and Dow Jones futures have slipped 0.18% as investors digest the Organisation for Economic Co-operation and Development’s (OECD) decision to cut its growth forecasts for the U.S. and global economy.
Monday’s regular trading session saw all three major indexes close in positive territory, with the S&P 500 climbing 0.41% to 5,935.94, the Nasdaq Composite advancing 0.67% to 19,242.61, and the Dow Jones Industrial Average adding 35.41 points (0.08%) to close at 42,305.48.
After-Hours Movers: Biotech and Retail in Focus
In after-hours trading, several stocks are making significant moves. MoonLake Immunotherapeutics (MLTX) is among the biggest gainers, surging 19.02% to $48.99 after closing at $41.16. The biotech company, with a market cap of $3.08 billion, has attracted investor attention following recent clinical trial developments.
Dollar General (DG) shares are jumping 11% in premarket trading after the discount retailer reported better-than-expected first-quarter results and raised its full-year outlook. The company reported earnings per share of $1.78 on net sales that increased 5% year-over-year to $10.44 billion, significantly beating analyst expectations.
On the downside, ModivCare Inc. (MODV) is the biggest after-hours loser, dropping 19.55% to $1.77 after closing at $2.20.
Trade Tensions and Economic Outlook
The OECD sharply lowered its growth forecasts for the U.S. on Tuesday, citing challenges from tariffs and policy uncertainty. The organization now expects U.S. real GDP growth to fall to 1.6% in 2025 and 1.5% in 2026, down from 2.8% in 2024. This represents a significant reduction from its March forecast of 2.2% for this year.
Trade tensions continue to weigh on markets as China pushed back against U.S. accusations that it violated a temporary trade agreement. Instead, Beijing blamed Washington for failing to uphold the deal, signaling deteriorating negotiations between the world’s two largest economies.
President Donald Trump’s announcement that he would double steel tariffs to 50% has further escalated tensions with the European Union, which warned that this “undermines” negotiations. The EU spokesperson noted that this decision “adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic.”
Key Economic Data and Events to Watch
Several important economic indicators are scheduled for release this week. Today’s JOLTS Job Openings report at 10:00 AM EDT will provide insights into the labor market, while the Core CPI Flash Estimate year-over-year for the Eurozone is also due.
Tomorrow, June 4, will see the release of the ADP National Employment Report at 8:15 AM and the ISM Non-Manufacturing index at 10:00 AM.
The week culminates with Friday’s crucial Employment Situation report at 8:30 AM, which could significantly impact market sentiment and Federal Reserve policy expectations.
Sector and Stock Spotlight
Steel stocks rallied on Monday following Trump’s tariff announcement, with Cleveland-Cliffs surging 23%, while Steel Dynamics (STLD) and Nucor (NUE) both popped 10%.
The “Big Three” automakers remain in focus after dropping Monday on concerns over proposed higher U.S. tariffs on steel imports. General Motors (GM) and Ford Motor (F) declined roughly 4%, while Stellantis (STLA) dropped 3.6% yesterday. All three stocks are edging lower in premarket trading as investors weigh the potential impact of increased manufacturing costs.
Energy and technology were Monday’s biggest sector gainers, with the Energy Select Sector SPDR (XLU) gaining 1.3% and the Technology Select Sector SPDR (XLK) rising 0.9%.
As trade negotiations and economic data continue to drive market sentiment, investors should remain vigilant for potential volatility in the days ahead.