Trump, Musk War of Words Send Indexes Lower Late

From Nasdaq: 2025-06-05 18:12:00

President Trump’s phone call with Chinese President Xi on trade policy started the day, but a public feud between Elon Musk and DOGE’s former leader caused a market downturn. The Dow closed -108 points, S&P 500 -31 points, Nasdaq -162 points, and Tesla shares hit a record -14% loss. Broadcom and lululemon reported earnings after the bell, with Broadcom beating estimates and raising revenue guidance. Tomorrow’s big report is the BLS Employment Situation, with expectations of 125K job creations. Experts have identified 7 top stocks for the next 30 days for potential early price pops.



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