Wall Street stocks close higher, dollar bounces back amid tariff talks, economic data
By Stephen Culp
Tue June 3, 2025 4:32 PM
Optimism continues over the resolution of the trade wars as the markets await the world’s countries trade proposals which Trump has required by Wednesday. The indexes had nice 3-digit gains but all must still be viewed with a jaundiced eye given the patterns of protracted negotiations and moving deadlines which have prompted economists to downgrade forecasts. Today got a boost though from the White House announcement that Trump would be meeting this week with China’s president to talk trade and tariffs, taken as another positive step towards ending this.
Global forecasts being downgraded, mainly due to the tariff wars, may be helping U.S. markets by encouraging money to flow back to U.S. companies, which is also providing some comfort there will be no recession. However, contradictory reports of both job openings unexpectedly rising while at the same time new orders unexpectedly falling. Fewer new orders would normally mean fewer new jobs. This has made Friday’s payrolls report all the more critical. Per the CBOE, volume came in at 16.1 billion, still well below the 17.8 billion average.
DJ: 42,305.48 +35.41 NAS: 19,242.61
+128.85 S&P: 5,935.94
+24.25 6/2
DJ: 42,519.64 +214.16 NAS: 19,398.96
+156.34 S&P: 5,970.37
+34.43 6/3
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