Episode Transcript
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Speaker 1 (00:00):
This is your stock market news and info daily podcast.
Here is what we know so far as of June second,
twenty twenty five, the U S stock market experienced a
mixed day, with several key factors influencing the market direction.
The S and P five hundred index increased by thirteen points,
or zero point two two per cent, since the beginning
(00:20):
of the year, although it saw a slight decline in
the current session. The Dow Jones and Nasdaq one hundred
futures also moved lower, with contracts falling around zero point
eight per cent, extending losses from the previous session. The
market sentiment was weakened by growing concerns over the U
S fiscal outlook, particularly as President Trump's efforts to rally
(00:42):
Republicans behind a sweeping tax cut bill have not yet
gained traction. Additionally, frustration over the lack of progress in
trade negotiations added to the market caution. In terms of
sector performance, megacap tech stocks were mixed ahead of the
market open. Apple, Microsoft, Nvidia, Amazon, and Meta traded lower,
(01:03):
while Alphabet and Tesla remained near the flatline. Retail stocks
saw some movement, with Low's shares rising about two point
five percent in pre market trading after the company beat
profit expectations and reaffirmed its full year guidance target. However,
gained one point nine percent despite missing earnings estimates and
lowering its outlook for the year. The most actively traded
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stocks included those from the tech and retail sectors, with
significant trading volumes observed in these companies. Looking forward, pre
market futures indicate a potentially cautious start to the next
trading day. Key events to watch include the upcoming jobs
report and further developments in trade negotiations. Important earnings releases
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will continue to shape market sentiment, and any progress or
setbacks in the tax cut bill could act as significant
market catalysts. In economic data, the focus will be on
the jobs report, which could provide insights into the labor
market and influence monetary policy decisions. Overall, the market remains cautious,
with investors closely watching economic and geopolitical developments for signs
(02:12):
of stability or potential disruptions. And that wraps it up
for Stock News today. Make sure you hit that subscribe
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