Wall Street ends narrowly mixed in choppy trade on weak economic data

Wall Street ends narrowly mixed in choppy trade on weak economic data

By Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta

Wed June 4, 2025 4:35 PM

It was certainly a seesaw day as the indexes were up and down at least three times during the session, closing in a relatively flat position, the Dow down 91, the Nasdaq up 61, and the S&P with scarcely a 1 point gain. Today was the deadline Trump set for all the many nations involved in this global trade war to submit their proposals, though there is no reporting as to how many, if any, responded. But the day’s important news is a contraction in the services sector showing rising supply prices and inflation likely due to tariffs.  

Contrary to yesterday’s report showing an unexpected increase in the number of new job openings, today’s National Employment Report showed May had the fewest number of new hires in over two years adding to uncertainty in the labor market. Friday’s payrolls report has become increasingly more important. Meanwhile, China is key and there remains the expectation that Trump and Xi will talk sometime this week. As today’s expert put it, “If we can’t get to an agreement on China, the tariff battle will be a headline issue for many months.” At 14.5 billion, volume remains considerably below the average of 17.8 billion. 

DJ: 42,519.64  +214.16      NAS: 19,398.96  +156.34     S&P: 5,970.37  +34.43         6/3

DJ: 42,427.74  -91.90         NAS: 19,460.49  +61.53       S&P: 5,970.81  +0.44           6/4

Wed 6-4-25 4:35 pm Wall Street ends narrowly mixed in choppy trade on weak economic data | Reuters