From Yahoo Finance: 2025-06-05 17:37:00

The S&P 500 fell 0.6% on Thursday due to a rise in unemployment claims, raising concerns ahead of Friday’s jobs report. Tesla shares dropped as CEO Elon Musk and President Donald Trump clashed over the budget bill. Dollar Tree shares rebounded after an analyst upgrade, Cooper Companies gained 5.6% with strategic initiatives, and Norwegian Cruise Line Holdings saw a 5.2% boost after a price target increase. Brown-Forman stock plummeted 17.9% following a warning of economic challenges. Palantir Technologies shares fell 7.8% amid controversy over its government contracts and surveillance database allegations.

Major U.S. stock indexes declined Thursday after increased unemployment claims, with the S&P 500 down 0.5%, the Dow slipping 0.3%, and the Nasdaq falling 0.8%. Brown-Forman stock dropped the most among S&P 500 companies, down 17.9% due to a challenging operating environment. Tesla shares plunged 14.3% as tensions between Musk and Trump escalated, with sales in some European markets falling compared to the previous year. Palantir Technologies shares dropped 7.8% following a recent pullback and controversy over government contracts. Dollar Tree stock rebounded 9.1% after an analyst upgrade citing growth potential. Cooper Companies shares rose 5.6% after outlining strategic initiatives, while Norwegian Cruise Line Holdings gained 5.2% on improving industry trends.



Read more at Yahoo Finance: Tesla Shares Skid as Trump and Musk Tussle Over Budget Bill