From Nasdaq MarketSite: 2025-06-06 14:07:00

In a week filled with high-stakes drama, President Donald Trump and Tesla CEO Elon Musk clashed over tax policies, while Trump praised a “very good” call with Chinese President Xi Jinping amid escalating steel tariffs. The OECD cut its U.S. growth outlook, and jobs data showed mixed results, with the ADP jobs report missing expectations but weekly jobless claims and May nonfarm payrolls beating estimates. Despite economic concerns, major indexes like the Dow, Nasdaq, and S&P 500 were on track for weekly gains.

On the retail front, earnings reports dominated headlines as Lululemon, Dollar Tree, Kroger, Chewy, and PVH all made waves with their results, impacting stock prices and future outlooks. In the tech sector, Broadcom, Bumble, Asana, Applied Digital, MongoDB, DocuSign, and Samsara experienced significant stock movements based on earnings reports and analyst downgrades. Looking ahead, investors will focus on upcoming inflation data, including the consumer price index (CPI) and producer price index (PPI), as well as reports from Adobe, Chewy, GameStop, and Stitch Fix.



Read more at Nasdaq MarketSite: June Kicks Off With Mixed Jobs Data, Trump-Musk Feud