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Wall Street Ends Mixed as Nasdaq Rises, Dow Slips

 
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  • like  04 Jun 2025
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Wall Street wrapped up Tuesday session with a mixed close, reflecting growing investor uncertainty over the economic outlook. The Nasdaq climbed 0.3%, while the Dow Jones dipped 0.2%, and the S&P 500 hovered near flat territory.

Driving market sentiment was a batch of disappointing U.S. economic data, sparking fresh speculation that the Federal Reserve may cut interest rates twice in 2025, with the first rate cut potentially coming in September or October. The latest ADP report showed that the U.S. economy added just 37,000 private-sector jobs in May, far below the 111,000 expected and marking the lowest reading since March 2023.

Bond yields fell across the curve as investors adjusted their expectations. Weakness in the U.S. services sector and a slowing pace of hiring increased fears of an economic slowdown.

Despite the cautious macro backdrop, a few stocks stood out. Marvell Technology $MRVL surged 6%, while Peloton $PTON soared 12%, outperforming the broader market.

Meanwhile, Donald Trump took aim at Fed Chair Jerome Powell, criticizing the central bank’s pace: “Too late, Powell is just unbelievable. Cut the rate already!”

 
 

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