Stocks Climb on Lower Bond Yield and Strength in Chip Makers

From Nasdaq: 2025-06-04 12:51:00

Stock indexes are on the rise today, with the S&P 500, Dow Jones, and Nasdaq 100 all posting gains. Lower bond yields are supporting the market, with chip stocks contributing to the positive momentum.

US stock gains are limited due to weak labor market data and US-China trade tensions. The May ADP employment change fell short of expectations, signaling potential challenges ahead. Mortgage applications also declined.

This week’s focus shifts to trade news. The markets await reports on the ISM services index, weekly initial unemployment claims, and May nonfarm payrolls. Overseas markets are up, with European and Asian stocks showing gains.

Interest rates are up for September 10-year T-notes, as yields decline. European bond yields are mixed. Economic indicators like the Eurozone PMI show signs of improvement.

US stock movers include GlobalFoundries leading chip stocks higher, while Guidewire Software and Thor Industries report positive revenue and sales figures. Lumentum Holdings, Wells Fargo, and HP Enterprise also see stock gains.

Dollar Tree, Flowserve, Tesla, and Aptiv Plc are among the notable losers in the market. Earnings reports for June 4th include Dollar Tree Inc, Five Below Inc, MongoDB Inc, PVH Corp, and Thor Industries Inc.



Read more at Nasdaq: Stocks Climb on Lower Bond Yield and Strength in Chip Makers