https://www.cnbc.com/2025/06/02/stock-market-today-live-updates.html
Stock futures slipped on Tuesday morning after the major averages began June’s trading on a positive note.
S&P 500 futures slipped 0.5%, and Dow Jones Industrial Average futureslost 208 points, or 0.49%. Futures linked to the Nasdaq 100 ticked down 0.47%.
In the regular session, the S&P 500climbed 0.41%. The Nasdaq Compositeadvanced 0.67%, and the Dow added 35.41 points, or 0.08%.
Stocks ended the day higher despite rising tensions between China and the U.S., with Beijing countering President Donald Trump’s accusations that it had violated a temporary trade agreement. Investors had grown hopeful that the two countries could work out a trade deal, but this latest development points to negotiations taking a turn for the worse.
Meanwhile, the European Union criticized Trump’s intention to double steel tariffs to 50%, saying that such a move “undermines” its own negotiations with the U.S. An EU spokesperson said that the bloc was “prepared to impose countermeasures.”
But despite volatility continuing to persist at elevated levels, Jeff deGraaf, head of technical research at Renaissance Macro, is optimistic on the stock market’s short-term prospects.
“The next six weeks are some of the best six-week periods, historically, really rivaling only what we see in the fourth quarter,” he said on CNBC’s “Closing Bell.” “So this is not a time to lighten up on positions, just from the calendar’s perspective.”
Dollar General, Signet Jewelers and Nio are set to report earnings Tuesday before the bell. That morning, traders will also watch out for readings on April’s jobs openings, as well as durable goods and factory orders.
Asia-Pacific markets trade mixed as investors assess dismal China factory activity
Asia-Pacific markets traded mixed Tuesday after China’s manufacturing activity in May shrank at the fastest pace since September 2022, a private survey showed.
The Caixin/S&P Global manufacturing purchasing managers’ index came in at 48.3, missing Reuters’ median estimate of 50.6 and dropping sharply from 50.4 in April, as a sharper decline in new export orders highlighted the impact of prohibitive U.S. tariffs.
Hong Kong’s Hang Seng Index led gains in the Asia-Pacific region, ending the day 1.53% higher at 23,512.49 while Mainland China’s CSI 300 added 0.31% in choppy trade to close at 3,852.01.
Over in Japan, the Nikkei 225benchmark pared gains to end the day flat at 37,446.81, while the broader Topix index fell 0.22% to 2,771.11.
Australia’s S&P/ASX 200 benchmark advanced 0.63% to end the day at 8,466.70, after briefly hitting a near four-month high earlier in the session.
The country’s seasonally adjusted current account balance for the first quarter of 2025 came in at a deficit of 14.7 billion Australian dollars ($9.53 billion), exceeding the AU$13.1 billion deficit forecast by economists polled by Reuters, but an improvement from the AU$16.3 billion deficit in the previous quarter’s revised reading.
Meanwhile, India’s benchmark Nifty 50moved down 0.64%, while the BSE Sensex lost 0.88% as at 1.33 p.m. Indian Standard Time.
South Korean markets were closed for polling day.
