{"id":49582,"date":"2025-06-03T17:02:10","date_gmt":"2025-06-03T21:02:10","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/"},"modified":"2025-06-03T17:02:10","modified_gmt":"2025-06-03T21:02:10","slug":"stock-market-today-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/","title":{"rendered":"Stock Market Today: Nasdaq Leads Gains as Tech Rallies; OECD Cuts Growth Outlook"},"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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#Market_Summary_Mixed_Close_as_Trade_Tensions_Linger\" >Market Summary: Mixed Close as Trade Tensions Linger<\/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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#After-Hours_Movers_Biotech_and_Retail_Stocks_Lead\" >After-Hours Movers: Biotech and Retail Stocks Lead<\/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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#OECD_Slashes_US_Growth_Forecast_Amid_Trade_Concerns\" >OECD Slashes U.S. Growth Forecast Amid Trade Concerns<\/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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#Trade_Tensions_Continue_to_Simmer\" >Trade Tensions Continue to Simmer<\/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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#Corporate_Spotlight_Retail_and_Auto_Sectors\" >Corporate Spotlight: Retail and Auto Sectors<\/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-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#Key_Economic_Data_and_Upcoming_Events\" >Key Economic Data and Upcoming Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-nasdaq-leads-gains-as-tech-rallies-oecd-cuts-growth-outlook\/49582\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Summary_Mixed_Close_as_Trade_Tensions_Linger\"><\/span>Market Summary: Mixed Close as Trade Tensions Linger<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The major U.S. stock indexes closed mixed on Tuesday, June 3, 2025, as investors weighed ongoing trade tensions against strong corporate earnings. The technology-heavy Nasdaq Composite led gains, rising 0.9% to close at 19,242.61, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> edged down 0.21% to 5,935.94. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average slipped 0.18% to 42,305.48.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Chip manufacturers were standout performers, with <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> and <b>Broadcom (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AVGO\">AVGO<\/a>)<\/b> both climbing more than 2%, with Broadcom on track to close at a record high. Technology and energy emerged as the best-performing sectors of the S&#038;P 500, while the dollar strengthened against major currencies.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"After-Hours_Movers_Biotech_and_Retail_Stocks_Lead\"><\/span>After-Hours Movers: Biotech and Retail Stocks Lead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In after-hours trading, several stocks made significant moves. <b>MoonLake Immunotherapeutics (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MLTX\">MLTX<\/a>)<\/b> surged 19.02% to $48.99 following positive clinical trial results. Other notable gainers included <b>Shineco (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SISI\">SISI<\/a>)<\/b>, which skyrocketed 62.49% to $0.70, and <b>Alzamend Neuro (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ALZN\">ALZN<\/a>)<\/b>, which jumped 42.86% to $5.00.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>On the downside, <b>ModivCare (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MODV\">MODV<\/a>)<\/b> plummeted 19.55% to $1.77 after disappointing quarterly results, while <b>CleanCore Solutions (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ZONE\">ZONE<\/a>)<\/b> fell 18.97% to $2.35.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"OECD_Slashes_US_Growth_Forecast_Amid_Trade_Concerns\"><\/span>OECD Slashes U.S. Growth Forecast Amid Trade Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Organization for Economic Cooperation and Development (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OECD\">OECD<\/a>) sharply lowered its growth forecasts for the U.S. economy on Tuesday, citing challenges from tariffs and policy uncertainty. The OECD now expects U.S. real GDP growth to fall to 1.6% in 2025 and 1.5% in 2026, down from 2.8% in 2024. In March, the organization had forecast U.S. growth at 2.2% this year.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>The OECD also cut its forecast for global GDP growth to 2.9% for both this year and next, down from 3.3% in 2024, assuming current tariff rates remain unchanged.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Tensions_Continue_to_Simmer\"><\/span>Trade Tensions Continue to Simmer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Markets have shown resilience despite ongoing trade concerns, bolstered by a strong earnings season and a perception that President Trump&#8217;s trade policies won&#8217;t trigger a recession. Trump has paused some of his most extreme tariff proposals under market pressure, though progress in negotiations with China, Japan, and the European Union remains unclear.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Beijing and Washington have exchanged accusations about violations of their recent trade truce in recent days. The White House indicated that Presidents Trump and Xi Jinping are likely to speak this week, though Beijing has not confirmed this.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Spotlight_Retail_and_Auto_Sectors\"><\/span>Corporate Spotlight: Retail and Auto Sectors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Dollar General (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DG\">DG<\/a>)<\/b> shares jumped after the discount retailer raised its outlook, stating it was well-positioned to handle various economic environments. The company noted that tariff-driven price increases are enhancing the appeal of discount chains.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Meanwhile, shares of &#8220;Big Three&#8221; automakers <b>General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GM\">GM<\/a>)<\/b>, <b>Ford Motor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>)<\/b>, and <b>Stellantis (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=STLA\">STLA<\/a>)<\/b> remained under pressure following Monday&#8217;s decline after President Trump announced plans to double U.S. steel tariffs to 50%, potentially increasing manufacturing costs significantly.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Economic_Data_and_Upcoming_Events\"><\/span>Key Economic Data and Upcoming Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely monitoring today&#8217;s release of JOLTS Job Openings data for April, which could provide insights into labor market conditions.<cscitation citation_id=\"task_3__1\"><\/cscitation> The week ahead features several critical economic releases, including the monthly U.S. employment report on Friday, which will reveal non-farm payrolls, unemployment rates, and wage growth for May.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Additionally, the European Central Bank is expected to cut interest rates at its upcoming meeting on Thursday, June 5, amid weakening growth and inflation outlook in the eurozone.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analysts remain cautiously optimistic about market performance in June, following strong gains in May when the S&#038;P 500 climbed 6.15%, the Nasdaq surged 9.56%, and the Dow rose 3.94%.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>&#8220;Conversations between Trump and Xi could prove critical to much-needed clarity for the largest economies in the world,&#8221; said Jay Woods, chief global strategist at Freedom Capital Markets. &#8220;If they get clarity, look for another leg higher in this market and talk of new all-time highs. If this back-and-forth continues, then expect volatile markets ahead.&#8221;<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Summary: Mixed Close as Trade Tensions Linger The major U.S. stock indexes closed mixed on Tuesday, June 3, 2025, 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