US Stock Market Experiences Mixed Day amid Fiscal and Trade Concerns

As of June 2, 2025, the US stock market experienced a mixed day with several key factors influencing the market direction. The S&P 500 index increased by 13 points, or 0.22 percent, since the beginning of the year, although it saw a slight decline in the current session. The Dow Jones and NASDAQ 100 futures also moved lower, with contracts falling around 0.8 percent, extending losses from the previous session.The market sentiment was weakened by growing concerns over the US fiscal outlook, particularly as President Trump's efforts to rally Republicans behind a sweeping tax-cut bill have not yet gained traction. Additionally, frustration over the lack of progress in trade negotiations added to the market caution.In terms of sector performance, megacap tech stocks were mixed ahead of the market open. Apple, Microsoft, Nvidia, Amazon, and Meta traded lower, while Alphabet and Tesla remained near the flatline. Retail stocks saw some movement, with Lowe’s shares rising about 2.5 percent in premarket trading after the company beat profit expectations and reaffirmed its full-year guidance. Target, however, gained 1.9 percent despite missing earnings estimates and lowering its outlook for the year.The most actively traded stocks included those from the tech and retail sectors, with significant trading volumes observed in these companies.Looking forward, pre-market futures indicate a potentially cautious start to the next trading day. Key events to watch include the upcoming jobs report and further developments in trade negotiations. Important earnings releases will continue to shape market sentiment, and any progress or setbacks in the tax-cut bill could act as significant market catalysts.In economic data, the focus will be on the jobs report, which could provide insights into the labor market and influence monetary policy decisions. Overall, the market remains cautious, with investors closely watching economic and geopolitical developments for signs of stability or potential disruptions.This content was created in partnership and with the help of Artificial Intelligence AI