Stock Market Today: Markets Edge Higher After ADP Jobs Miss; Dollar Tree Plunges on Earnings

Major Indexes Continue Upward Momentum Despite Weak Employment Data

The major U.S. stock indexes edged higher on Wednesday, June 4, 2025, as investors digested a surprisingly weak ADP employment report while keeping a watchful eye on ongoing trade tensions. By market close, the S&P 500 gained 0.25% to 5,985.54, the Dow Jones Industrial Average rose 0.16% to 42,585.95, and the Nasdaq Composite advanced 0.31% to 19,459.42.

This marks the third consecutive day of gains for the major indexes, extending a rally that pushed the S&P 500 to its best monthly performance since late 2023 during May. The tech-heavy Nasdaq has now turned positive for the year for the first time since February, bolstered by strong performances from semiconductor stocks in recent sessions.

After Hours Movers: Earnings Drive Significant Price Action

In after-hours trading, several companies saw significant movement following their earnings releases:

Dollar Tree (DLTR) shares plummeted more than 10% after the discount retailer reported disappointing Q1 2025 results. The company posted earnings per share of $1.19, representing a 16.78% decrease compared to the same quarter last year.

REV Group (REVG) surged over 16% after the transportation services company reported strong quarterly results, with earnings per share of $0.55, representing a 61.76% increase compared to the same quarter last year.

MongoDB (MDB) and Five Below (FIVE) are also reporting after the bell, with investors closely watching these results for further insights into consumer spending and enterprise technology trends.

Guidewire Software (GWRE) shares jumped 20.53% after raising its full-year revenue guidance, making it one of the day’s top gainers.

Major Stock News: Tech and Retail in Focus

Applied Digital (APLD) led the market’s gainers with a 25.02% surge, highlighting continued investor interest in companies with exposure to artificial intelligence and data center infrastructure.

CrowdStrike (CRWD) shares fell 3.89% as investors took profits following the cybersecurity firm’s recent strong performance.

Palantir Technologies (PLTR) declined 3.45% despite being among the most actively traded stocks of the day.

CoreWeave (CRWV), a rising star in the AI infrastructure space, gained 4.33%, with technical analysts suggesting the upward trend could continue if the stock maintains support at key levels around $122.

Thor Industries (THO), the RV manufacturer, saw its shares rise after topping fiscal third-quarter sales estimates despite reporting earnings per share that represented a 17.37% decrease compared to the same quarter last year.

Economic Data and Upcoming Market Events

Wednesday’s ADP National Employment Report showed a significant slowdown in private-sector hiring, coming in much weaker than expected. This data point has investors recalibrating their expectations for Friday’s crucial nonfarm payrolls report.

The ISM Non-Manufacturing Index for May was released today, showing expansion in the services sector with a reading of 52.2%, up from April’s 51.6%.

Key upcoming events that could move markets include:

– Thursday’s U.S. trade deficit report and weekly jobless claims data
– Friday’s highly anticipated employment report, with economists expecting 125,000 jobs added and an unemployment rate of 4.2%
– Next week’s Consumer Price Index report on June 11, which will be crucial for Federal Reserve policy decisions

The Federal Reserve’s Beige Book was released today, providing insights into economic conditions across the country ahead of the Fed’s next policy meeting scheduled for June 17-18.

Trade Tensions and Global Outlook

Markets continue to navigate the impact of President Trump’s tariff policies, with steel tariff hikes taking effect today. Investors remain cautiously optimistic that these measures won’t tip the economy into recession, especially after Trump paused some of his most extreme tariffs following market pressure.

The Organization for Economic Cooperation and Development recently warned that the U.S. economy could be among the hardest hit by ongoing trade-policy uncertainty, urging governments to strike trade deals to prevent further economic slowdown.

As we move deeper into June, market participants will be closely monitoring developments in U.S.-China trade negotiations and upcoming economic data for signals about the economy’s resilience in the face of mounting global challenges.