{"id":49561,"date":"2025-06-03T07:01:52","date_gmt":"2025-06-03T11:01:52","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/"},"modified":"2025-06-03T07:01:52","modified_gmt":"2025-06-03T11:01:52","slug":"stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/","title":{"rendered":"Stock Market Today: Futures Slip as Growth Concerns Mount Ahead of Key Economic Data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Market_Indexes_Point_Lower_in_Premarket_Trading\" >Market Indexes Point Lower in Premarket Trading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Growth_Concerns_and_Trade_Tensions_Weigh_on_Markets\" >Growth Concerns and Trade Tensions Weigh on Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Asian_Markets_Show_Mixed_Performance\" >Asian Markets Show Mixed Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Earnings_in_Focus_Major_Companies_Reporting_Today\" >Earnings in Focus: Major Companies Reporting Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Key_Economic_Data_on_Tap\" >Key Economic Data on Tap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-slip-as-growth-concerns-mount-ahead-of-key-economic-data\/49561\/#Looking_Ahead_Market_Expectations\" >Looking Ahead: Market Expectations<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Point_Lower_in_Premarket_Trading\"><\/span>Market Indexes Point Lower in Premarket Trading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stock futures are pointing to a lower open on Tuesday, June 3, 2025, as investors digest the Organization for Economic Co-operation and Development&#8217;s reduced U.S. growth outlook. <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> futures fell 0.5%, <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average futures lost 183 points (0.4%), and Nasdaq-100 futures ticked down 0.1%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>The pullback follows a strong performance in May, with the S&#038;P 500 rising 6.15% \u2013 its best monthly gain since November 2023. The Dow and Nasdaq Composite also posted solid advances of 3.94% and 9.56%, respectively.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Treasury yields declined as traders sought safety, with the benchmark 10-year Treasury note yield dropping 4 basis points to 4.418%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growth_Concerns_and_Trade_Tensions_Weigh_on_Markets\"><\/span>Growth Concerns and Trade Tensions Weigh on Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The OECD has cut its U.S. growth outlook, now projecting the economy to expand by just 1.6%, down from a previous estimate of 2.2%.<cscitation citation_id=\"task_2__1\"><\/cscitation> This reduction comes amid heightened trade tensions, particularly with China.<\/p>\n<p>Beijing recently countered President Donald Trump&#8217;s accusations that it had violated a temporary trade agreement. While investors had been hopeful about potential trade negotiations, this development suggests talks may be deteriorating.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Adding to global trade concerns, the European Union has criticized Trump&#8217;s intention to double steel tariffs to 50%, warning that such a move &#8220;undermines&#8221; ongoing negotiations. An EU spokesperson indicated the bloc is &#8220;prepared to impose countermeasures&#8221; if necessary.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Asian_Markets_Show_Mixed_Performance\"><\/span>Asian Markets Show Mixed Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets traded mixed on Tuesday after China&#8217;s manufacturing activity in May shrank at the fastest pace since September 2022. The Caixin\/S&#038;P Global manufacturing purchasing managers&#8217; index came in at 48.3, missing expectations and dropping sharply from 50.4 in April.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Hong Kong&#8217;s Hang Seng Index led gains in the region, ending 1.53% higher at 23,512.49, while Mainland China&#8217;s CSI 300 added 0.31% to close at 3,852.01. Japan&#8217;s Nikkei 225 ended flat at 37,446.81, and Australia&#8217;s S&#038;P\/ASX 200 advanced 0.63% to 8,466.70.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Earnings_in_Focus_Major_Companies_Reporting_Today\"><\/span>Earnings in Focus: Major Companies Reporting Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable companies are scheduled to report earnings before the market opens today:<\/p>\n<p>Ferguson Enterprises Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FERG\">FERG<\/a>) is expected to report earnings per share of $2.01, representing a 13.36% decrease compared to the same quarter last year.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Dollar General Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DG\">DG<\/a>) is projected to report earnings of $1.47 per share, a 10.91% decrease year-over-year.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Donaldson Company, Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DCI\">DCI<\/a>) is anticipated to report $0.95 earnings per share, a 3.26% increase from the same period last year.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Other companies reporting include Ollie&#8217;s Bargain Outlet Holdings, Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OLLI\">OLLI<\/a>), NIO Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NIO\">NIO<\/a>), and Signet Jewelers Limited (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SIG\">SIG<\/a>).<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Economic_Data_on_Tap\"><\/span>Key Economic Data on Tap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will be watching several important economic releases today:<\/p>\n<p>Factory orders for April will be published at 10:00 AM ET, with economists expecting a decline of 3.2% following a 4.3% increase in March.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>The Job Openings and Labor Turnover Survey (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JOLTS\">JOLTS<\/a>) for April will also be released at 10:00 AM ET. The previous reading showed 7.2 million job openings.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Federal Reserve officials are scheduled to speak throughout the day, including Chicago Fed President Austan Goolsbee at 12:45 PM ET, Federal Reserve Governor Lisa Cook at 1:00 PM ET, and Dallas Fed President Lorie Logan delivering opening remarks at 3:30 PM ET.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Expectations\"><\/span>Looking Ahead: Market Expectations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite current volatility, some analysts remain optimistic about the market&#8217;s short-term prospects. Jeff deGraaf, head of technical research at Renaissance Macro, noted that &#8220;The next six weeks are some of the best six-week periods, historically, really rivaling only what we see in the fourth quarter. So this is not a time to lighten up on positions, just from the calendar&#8217;s perspective.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Later this week, investors will focus on Wednesday&#8217;s ADP employment report and Friday&#8217;s crucial non-farm payrolls data, which will provide further insights into the labor market&#8217;s health and potential implications for Federal Reserve policy.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>The European Central Bank is also expected to cut interest rates at its meeting on Thursday, which could influence global market sentiment amid ongoing economic uncertainty.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>As trade tensions and growth concerns continue to evolve, market participants will closely monitor both economic data and policy developments for direction in the days ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Point Lower in Premarket Trading Stock futures are pointing to a lower open on Tuesday, June 3, 2025, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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