From Nasdaq: 2025-06-03 13:05:00

Stock indexes are up today, with the S&P 500 hitting a 2-week high and the Nasdaq 100 at a 3-1/4 month high. Chip makers are boosting tech stocks, while the US labor market shows strength with an unexpected increase in job listings. The OECD cut its global GDP forecast due to trade barriers and uncertainty.

Chinese manufacturing weakness affects global growth. The OECD’s revised GDP forecast is +2.9%, down from +3.1%. US Apr factory orders fell -3.7%, the biggest drop in 15 months. The Eurozone May CPI report shows easing inflation. The Eurozone Apr unemployment rate matches a record low of 6.2%.

T-notes rise on ECB-friendly Eurozone CPI report and OECD GDP cut. US Apr JOLTS job openings rose unexpectedly, a hawkish sign for Fed policy. Eurozone government bond yields decline. Dollar General leads S&P 500 gainers. Pinterest and Lululemon rise on upgrades. REITs drag down markets. Kenvue and EchoStar lead S&P 500 losers.



Read more at Nasdaq: Stocks Climb as Chip Makers Rally and US Job Openings Increase