How major US stock indexes fared Wednesday, 6/4/2025
The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite rose 0.3%. Stock indexes rose across much of Europe and Asia. The Nasdaq composite rose 61.53 points, or 0.3%, to 19,460.49.
The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite rose 0.3%. Stock indexes rose across much of Europe and Asia. The Nasdaq composite rose 61.53 points, or 0.3%, to 19,460.49.
The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite rose 0.3%. Stock indexes rose across much of Europe and Asia. The Nasdaq composite rose 61.53 points, or 0.3%, to 19,460.49.
Dollar Tree published its fiscal Q1 results after the market closed yesterday and beat sales and earnings expectations. Despite Dollar Tree topping Wall Street's sales and earnings targets for Q1, its forward guidance is disappointing investors. Earnings will get a boost from stock buybacks, but the company's sales target for this year is prompting sell-offs for the stock.
The company is selling its mobile apps business for $400 million. Shares of AppLovin (NASDAQ: APP), the app-based adtech platform, were soaring last month as the company reported strong first-quarter earnings report, and benefited from a broader recovery in the market and a risk-on mentality as investors downplayed the threat from tariffs and of a slowdown in the economy. Like other growth stocks, AppLovin was hit hard by the sell-off earlier in the year, as it fell by more than 50% after popping on a strong fourth-quarter earnings report in February.
Economic activity declined slightly in the US in recent weeks, indicating tariffs and elevated uncertainty are rippling across the economy, the Federal Reserve said in its Beige Book survey of regional business contacts. Catarina Saraiva has more.
Wolfspeed's stock has declined roughly 60% this month as trouble mounts. Poor job numbers and continued pressure from the White House are giving investors hope that interest rates will be lowered. This could allow Wolfspeed to refinance its significant debt, but it may be too little, too late.
Another Wall Street firm turned more bullish on the stock market on Wednesday, as analysts came around to the possibility the worst of this year's tariff shock is in the rearview mirror.
Investors need to pay close attention to CVX stock based on the movements in the options market lately.
When I look at year-to-date returns across indexes, I notice a few surprising stars: European stocks, Latin America, and real estate investment trusts. Morningstar’s European stock index is riding high this year, as the macroeconomic environment has been improving. A weakening US dollar has magnified European equity gains for unhedged US investors.