Wall Street Market Update Nasdaq Gains 0.2% as Meta Surges Ford Drops Amid U.S.-China Trade Tensions

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•  02 Jun 2025
 

Wall Street opened the month of June with mixed stock market trends, driven by renewed U.S.-China trade tensions and investor uncertainty. The Nasdaq Composite Index climbed 0.2%, powered by a strong 3% gain in $META. In contrast, $F dropped 4.5% as broader market sentiment weakened. Meanwhile, the Dow Jones Industrial Average slipped 0.6% and the S&P 500 Index edged down 0.2%, signaling volatility across U.S. equity markets.

The rally in $META came as tech stocks tried to regain footing, but the overall market showed caution. Former President Trump renewed accusations against China for breaking trade agreements, threatening tariffs once again and raising fears of a new trade war. Investors who believed the May agreement was final now face increased market uncertainty.

Elsewhere, crude oil prices surged 4%, supported by OPEC reluctance to boost output and rising geopolitical tensions, including Ukrainian attacks inside Russia and concerns over potential escalation with Iran. As oil prices spiked, energy stocks rallied providing a silver lining to an otherwise mixed day on Wall Street.

In currency markets, the U.S. dollar lost ground. Analysts at Morgan Stanley now forecast a 9% decline in the dollar’s value by year-end, pointing to global instability and waning investor confidence in the greenback.

Tech investors are watching $AAPL ahead of its June 9 Developers Conference. Expectations are low, especially after delays to its highly anticipated Siri update. Meanwhile, $NVDA faces its own China challenge. The chipmaker could lose $10.5 billion following a U.S. ban on H20 chip exports to China. NVDA is aggressively fighting to regain access to a $50 billion Chinese semiconductor market, which currently represents 25% of global demand. Chinese rivals are aiming for 82% self-sufficiency by 2027, putting NVDA long-term growth at risk.