From Nasdaq: 2025-06-05 19:37:00

Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are up today amid hopes of easing US-China trade tensions after President Trump and President Xi Jinping spoke by phone. Trade deficit in April shrank to a 20-month low, positive for Q2 GDP. Weekly jobless claims unexpectedly rose, impacting stock market sentiment.

US Q1 nonfarm productivity revised lower, unit labor costs revised upward. Fed’s Kashkari hints at keeping rates steady. Markets discount 1% chance of rate cut at next FOMC meeting. Focus on trade news and upcoming jobs report. Overseas markets mixed, with Euro Stoxx 50 up slightly and Shanghai Composite reaching a 1-1/2 week high.

Interest rates fluctuate as 10-year T-notes fall from a 4-week high. European bond yields rise. Eurozone Apr PPI weaker than expected, German factory orders stronger. ECB cuts deposit facility rate, acknowledges downside risks to growth. Swaps indicate 42% chance of rate cut in July.

Stock movers include chip makers like Micron Technology leading gains in Nasdaq 100. Mining stocks up on higher gold and silver prices. MongoDB and Five Below report strong earnings, Dollar Tree upgraded. Brown-Forman and PVH Corp lead losers. Tesla and Costco report declines, while Procter & Gamble announces workforce cuts.

Earnings reports for today include Broadcom, Brown-Forman, Ciena Corp, and others. Analyst Rich Asplund does not hold positions in mentioned securities. Information provided for informational purposes only. Views expressed are solely those of the author and do not reflect Nasdaq, Inc.



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