US open: Stocks mixed as OECD cuts US growth outlook
By Iain Gilbert
Date: Tuesday 03 Jun 2025
(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday, with the blue-chip Dow Jones on a course to give back yesterday's gains.
As of 1515 BST, the Dow Jones Industrial Average was down 0.17% at 42,235.65, while the S&P 500 advanced 0.04% to 5,938.24 and the Nasdaq Composite came out of the gate 0.40% firmer at 19,319.66.
The Dow opened 69.83 points lower on Tuesday, reversing gains recorded in the previous session.
News that the Organisation for Economic Co-operation and Development had decided to cut its US growth outlook was in focus early on Tuesday, stating it now sees the US economy expanding by just 1.6%, down from its previous estimate of 2.2%.
Following the news, the yield on the benchmark 10-year Treasury note dropped more than two basis points to 4.425%, while its two-year counterpart was only slightly lower at 3.945%.
On the macro front, US job openings rose by 191,000 to 7.39m in April, according to the Bureau of Labor Statistics, beating market expectations for a reading of 7.1m. Job openings increased in the arts, entertainment, and recreation, as well as in mining and logging. Going the other way, job openings decreased in accommodation and food services and in state and local government. Job openings rose in the Northeast, the South, and the West, but fell in the Midwest. Both hires and total separations were little changed at 5.6m and 5.3m, respectively.
Elsewhere, factory orders decreased 3.7% on a monthly basis in April, according to the Census Bureau, dropping to $594.6bn for the first decline in fice months. Orders were down 17.1% for transportation equipment, led by a 51.5% plunge in orders for non-defence aircraft and parts as Donald Trump's trade war saw airlines put a halt on orders for Boeing, which received just eight orders in April. Factory orders for computers and electronics, on the other hand, rose 1% month-on-month.
In the corporate space, shares in Constellation Energy rallied after it struck a 20-year deal to sell nuclear power to Meta Platforms, while Ford was in the green on the back of news that sales had surged 16.3% in May, and discount retailer Dollar General posted stronger-than-expected Q1 earnings and raised its FY guidance.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Boeing Co. (BA) $214.14 1.26%
Walt Disney Co. (DIS) $113.83 0.78%
Home Depot Inc. (HD) $369.84 0.51%
Apple Inc. (AAPL) $202.59 0.44%
Caterpillar Inc. (CAT) $346.15 0.43%
Merck & Co. Inc. (MRK) $76.43 0.24%
Chevron Corp. (CVX) $138.14 0.22%
Salesforce.Com Inc. (CRM) $262.12 0.19%
Walgreens Boots Alliance, Inc. (WBA) $11.22 0.18%
Cisco Systems Inc. (CSCO) $63.92 0.12%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $272.14 -1.52%
Coca-Cola Co. (KO) $71.05 -1.32%
Procter & Gamble Co. (PG) $166.32 -0.87%
Verizon Communications Inc. (VZ) $43.73 -0.84%
Visa Inc. (V) $362.26 -0.84%
American Express Co. (AXP) $293.01 -0.79%
Goldman Sachs Group Inc. (GS) $594.25 -0.75%
Dow Chemical Co. (DOW) $27.00 -0.74%
3M Co. (MMM) $145.45 -0.65%
JP Morgan Chase & Co. (JPM) $263.39 -0.48%
S&P 500 - Risers
Dollar General Corp (DG) $112.68 15.96%
Fluor Corp. (FLR) $43.00 4.50%
Dollar Tree Inc (DLTR) $94.63 3.72%
Fortive Corporation (FTV) $72.78 3.59%
Microchip Technology Inc. (MCHP) $61.56 2.60%
Advance Auto Parts (AAP) $51.01 2.57%
Hologic Inc. (HOLX) $63.57 2.52%
Arista Networks Inc. (ANET) $91.82 2.27%
Kohls Corp. (KSS) $8.34 2.21%
Nvidia Corp. (NVDA) $140.41 2.21%
S&P 500 - Fallers
Nucor Corp. (NUE) $115.56 -4.02%
Mid Amer Apt Commun (MAA) $151.20 -2.87%
CME Group Inc. (CME) $283.21 -2.58%
AvalonBay Communities Inc. (AVB) $201.83 -2.57%
Healthpeak Properties, Inc (DOC) $16.97 -2.56%
Charter Communications Inc. (CHTR) $385.44 -2.37%
Fiserv Inc. (FI) $158.21 -2.34%
Equity Residential (EQR) $68.42 -2.16%
Newmont Corporation (NEM) $54.43 -2.07%
Essex Prty Trust Inc. (ESS) $278.79 -2.06%
Nasdaq 100 - Risers
Dollar Tree Inc (DLTR) $94.63 3.72%
Microchip Technology Inc. (MCHP) $61.56 2.60%
Hologic Inc. (HOLX) $63.57 2.52%
Nvidia Corp. (NVDA) $140.41 2.21%
NetEase Inc. Ads (NTES) $125.69 2.02%
Broadcom Inc. (AVGO) $253.23 1.82%
Tesla Inc (TSLA) $347.14 1.30%
KLA-Tencor Corp. (KLAC) $769.13 0.88%
Seagate Technology Plc (STX) $120.19 0.87%
Micron Technology Inc. (MU) $99.00 0.84%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $3.22 -9.04%
Charter Communications Inc. (CHTR) $385.44 -2.37%
Fiserv Inc. (FI) $158.21 -2.34%
Wynn Resorts Ltd. (WYNN) $86.02 -2.02%
JD.com, Inc. (JD) $32.31 -1.67%
Paypal Holdings Inc (PYPL) $69.97 -1.35%
Align Technology Inc. (ALGN) $176.13 -1.33%
Alphabet Inc. Class A (GOOGL) $166.83 -1.30%
Alphabet Inc. Class C (GOOG) $168.21 -1.27%
Vodafone Group Plc ADS (VOD) $10.27 -1.20%
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN