Stock Market News Today, 6/3/25 – Futures Dip after Monday’s Gains

U.S. stock futures edged lower on Tuesday morning, following a positive start to June for the major averages. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.39%, 0.44%, and 0.43%, respectively, at 3:44 a.m. EST, June 3.

In yesterday’s trading session, the S&P 500, the Nasdaq Composite (NDAQ), and the Dow Jones gained 0.41%, 0.67%, and 0.1%, respectively.

The upside came even as U.S.-China tensions rose. Beijing denied President Trump’s claims of violating a temporary trade agreement, making investors less hopeful about a quick resolution. This suggests that trade negotiations between the two nations may worsen.

Adding to global trade concerns, the European Union criticized President Trump’s plan to double steel tariffs to 50%, stating that such a move would hurt ongoing trade talks with the U.S.

In key stock market news, Meta (META) rose 3.6% on reports that it plans to launch an ad service, letting advertisers create and target campaigns using AI. Also, steel stocks jumped after President Trump disclosed plans to raise steel tariffs. Cleveland-Cliffs (CLF) soared 21%, while Steel Dynamics (STLD) and Nucor (NUE) gained about 10%.

Looking ahead, investors await key economic data points such as April’s Job Openings and Factory Orders. In key earnings reports, companies like Dollar General (DG), Signet Jewelers (SIG), and Nio (NIO), are scheduled to release results today.

Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.416%. Simultaneously, WTI crude oil futures are trending higher, hovering near $62.95 per barrel as of the last check.

At the same time, the Gold Spot U.S. Dollar Price fell to nearly $3,350 per ounce on Tuesday, retreating from a four-week high.

Elsewhere, European indices were in the green today, as investors closely watched developments in U.S. trade policy, Trump-Xi talks, and Euro Zone inflation data.

Asia-Pacific Markets Traded Mixed Today

Asia-Pacific indices were mixed today, as investors reacted to China’s sharp manufacturing slowdown. Traders are watching for updates on tariffs and economic data, which could impact market sentiment.

At the same time, the Hong Kong index was up 1.49%. Further, China’s Shanghai Composite and Shenzhen Component indices closed higher by 0.43% and 0.16%, respectively. However, Japan’s Nikkei and Topix indices declined 0.06% and 0.22%, respectively.

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