From Yahoo Finance: 2025-06-03 06:36:00

U.S. stock indexes closed higher on Tuesday, driven by gains in chipmakers like Nvidia. President Trump and Chinese leader Xi Jinping are set to discuss tariff plans. The Trump administration wants trade negotiations by Wednesday as officials seek to avoid a recession. The Dow Jones, S&P 500, and Nasdaq all rose.

In May, Trump’s trade stance softened, allowing a recovery in risky assets. The Dow rose 0.51%, S&P 500 gained 0.58%, and Nasdaq rose 0.81%. Information tech stocks rose 1.5%, with Nvidia leading with a 2.9% gain. Job openings increased in April, but layoffs picked up.

Factory orders dropped sharply in April as tariffs impact the economy. Monthly jobs data on Friday will offer more insight. Wells Fargo shares rose after the Fed lifted an asset cap. Kenvue shares dropped 6% due to uncertainty over tariffs. Dollar General surged 15.8% after raising its sales forecast.

Pinterest shares rose 3.8% after an upgrade by JPMorgan. Reddit shares fell after an outage. U.S. exchanges saw 15.69 billion shares traded. Advancing issues outnumbered decliners on the NYSE and Nasdaq. The S&P 500 and Nasdaq posted new highs and lows.

Read more: Wall Street stocks end higher on Nvidia, trade talks hopes