From Nasdaq: 2025-06-02 11:57:00

Stock indexes are down today due to escalating trade tensions between the US and China. China accused the US of introducing discriminatory restrictions, leading to a selloff. Bond yields are up, with 10-year T-note yield at 4.43%. Fed Governor Waller’s comments hint at possible rate cuts. The market awaits trade news and economic data this week.

Overseas stock markets are lower, with Euro Stoxx 50 and Japan’s Nikkei down. T-notes are under pressure as trade tensions rise, with yields higher. European government bond yields are also up. ECB is expected to cut rates by 25 bps. German and UK manufacturing PMI revised slightly.

US stock movers include CDW Corp down over 4%, while SAIC and Centene are also down. Global e-Online Ltd is down after a sell recommendation. JB Hunt Transport Services is down after a downgrade. Steel and aluminum producers are up after Trump’s tariff announcement. Energy producers and chip stocks are gaining.

Moderna is up after FDA approval for Covid vaccine. Vera Therapeutics surged after positive Phase 3 trial results. Boeing is up after an upgrade. Earnings reports include Credo Technology, Science Applications International Corp, and The Campbell’s Company. Market outlook remains cautious amid trade tensions and upcoming economic data.



Read more at Nasdaq: Stocks Pressured by Escalation of US-China Trade Tensions