Stock Market News Today, 6/4/25 – Futures Edge Lower After S&P 500’s Two-Day Positive Streak

U.S. stock futures dipped slightly lower on Wednesday morning, following a second consecutive day of gains for the S&P 500 (SPX). Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were down 0.05%, 0.01%, and 0.02%, respectively, at 3:39 a.m. EST, June 4.

During Tuesday’s regular trading session, all three major indexes ended higher, with the S&P 500 rising 0.6%, the Nasdaq Composite (NDAQ) gaining 0.8%, and the Dow adding 0.5%, boosted by gains in tech stocks. AI darling Nvidia (NVDA) stock rose nearly 3%, building on Monday’s gains and pushing its market cap above Microsoft’s (MSFT) for the first time since January.

The recent rally has boosted investor confidence, with many now believing the worst of the tariff tensions might be behind us. A federal court ruling against the tariffs last week also helped improve sentiment, even though the decision was temporarily paused by an appeals court. Also, this week, Deutsche Bank strategist Binky Chadha even raised his year-end target for the S&P 500.

In after-hours trading, cybersecurity firm CrowdStrike Holdings (CRWD) shares dropped more than 6% following its mixed Q1 FY26 results and weaker-than-expected revenue guidance. On the contrary, Hewlett Packard Enterprise (HPE) stock climbed above 4% after the tech company reported better-than-expected Q2 2025 earnings results.

Looking ahead, investors are keeping an eye on important labor market data this week. The ADP private payrolls report for May is set to be released on Wednesday, followed by jobless claims on Thursday, and the official May jobs report on Friday. These updates will offer important clues about the health of the job market and could influence the market’s view on future Fed policy.

In key earnings reports, companies, namely Dollar Tree (DLTR), MongoDB (MDB), and ChargePoint Holdings (CHPT), are scheduled to release results today.

Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.46%. Simultaneously, WTI crude oil futures are trending lower, hovering near $63.4 per barrel as of the last check.

Elsewhere, European indices opened higher on Wednesday, buoyed by optimism around easing tariffs and upbeat sentiment from private equity leaders.

Asia-Pacific Markets Ended Higher Today

Asia-Pacific markets climbed Wednesday, boosted by a tech rally on Wall Street led by chipmaker Nvidia, with South Korean stocks showing strong gains.

Hong Kong’s Hang Seng Index was up 0.4%. Also, Japan’s Nikkei and Topix indices gained 0.8% and 0.51%, respectively. At the same time, China’s Shanghai Composite and Shenzhen Component indices closed higher by 0.42% and 0.87%, respectively. 

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