{"id":49590,"date":"2025-06-04T10:02:22","date_gmt":"2025-06-04T14:02:22","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/"},"modified":"2025-06-04T10:02:22","modified_gmt":"2025-06-04T14:02:22","slug":"stock-market-today-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/","title":{"rendered":"Stock Market Today: Markets Edge Higher After Weak ADP Jobs Data, CrowdStrike Tumbles"},"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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#Major_Indexes_Post_Modest_Gains_at_Wednesdays_Opening_Bell\" >Major Indexes Post Modest Gains at Wednesday&#8217;s Opening Bell<\/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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#ADP_Jobs_Report_Shows_Significant_Slowdown_in_Hiring\" >ADP Jobs Report Shows Significant Slowdown in Hiring<\/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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#CrowdStrike_Shares_Plunge_on_Disappointing_Outlook\" >CrowdStrike Shares Plunge on Disappointing Outlook<\/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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#Dollar_Tree_Warns_of_Tariff_Impact_as_HPE_Surges\" >Dollar Tree Warns of Tariff Impact as HPE Surges<\/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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#Trade_Tensions_Simmer_as_Trump_Comments_on_China_Negotiations\" >Trade Tensions Simmer as Trump Comments on China Negotiations<\/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-markets-edge-higher-after-weak-adp-jobs-data-crowdstrike-tumbles\/49590\/#Looking_Ahead_Key_Events_to_Watch\" >Looking Ahead: Key Events to Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Post_Modest_Gains_at_Wednesdays_Opening_Bell\"><\/span>Major Indexes Post Modest Gains at Wednesday&#8217;s Opening Bell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stocks inched higher on Wednesday, June 4, 2025, as investors digested a surprisingly weak ADP employment report while keeping a watchful eye on renewed U.S.-China trade tensions. At the market open, the major indexes continued their upward momentum from earlier in the week.<\/p>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (^GSPC) rose 0.16% to 5,980.07, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI) added 0.10% to 42,564.18. The tech-heavy Nasdaq Composite (^IXIC) gained 0.13% to 19,423.52.<cscitation citation_id=\"task_1__1\"><\/cscitation> This marks the third consecutive day of gains for Wall Street as investors appear to be shaking off concerns about President Trump&#8217;s tariff policies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADP_Jobs_Report_Shows_Significant_Slowdown_in_Hiring\"><\/span>ADP Jobs Report Shows Significant Slowdown in Hiring<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ADP National Employment Report released this morning showed private sector employment increased by just 37,000 jobs in May, marking the slowest pace of hiring since March 2023. This represents a significant drop from April&#8217;s revised figure of 60,000 jobs.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8220;After a strong start to the year, hiring is losing momentum,&#8221; said Dr. Nela Richardson, chief economist at ADP. &#8220;Pay growth, however, was little changed in May, holding at robust levels for both job-stayers and job-changers.&#8221;<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>The weak jobs data has some analysts speculating that the Federal Reserve might consider accelerating its rate-cutting timeline, which could provide additional support for equities in the coming months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CrowdStrike_Shares_Plunge_on_Disappointing_Outlook\"><\/span>CrowdStrike Shares Plunge on Disappointing Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>CrowdStrike Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRWD\">CRWD<\/a>)<\/b> shares tumbled more than 6% at the opening bell after the cybersecurity firm delivered a current-quarter revenue outlook that fell short of analysts&#8217; expectations. While the company reported first-quarter adjusted earnings per share of $0.73, above consensus estimates, on revenue that increased 20% year-over-year to $1.1 billion, its Q2 revenue projection of $1.14 billion to $1.15 billion disappointed investors.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>CFO Burt Podbere attempted to reassure investors by highlighting expectations for &#8220;ARR reacceleration and margin expansion in the second half of fiscal year 2026&#8221; as the company&#8217;s new flexible &#8220;Falcon Flex&#8221; licensing program gains popularity. The company also announced a new $1 billion share repurchase program, signaling confidence in its long-term prospects.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dollar_Tree_Warns_of_Tariff_Impact_as_HPE_Surges\"><\/span>Dollar Tree Warns of Tariff Impact as HPE Surges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Dollar Tree (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DLTR\">DLTR<\/a>)<\/b> shares fell nearly 10% after the discount retailer warned that tariffs could significantly impact its current-quarter profit. The company forecasted that Q2 adjusted earnings per share could be down 45% to 50% as it works to mitigate and absorb the cost of tariffs. This overshadowed otherwise strong first-quarter results, where adjusted EPS, net sales, and comparable store sales all topped analysts&#8217; estimates.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>In contrast, <b>Hewlett Packard Enterprise (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPE\">HPE<\/a>)<\/b> shares surged after the company reported better-than-expected fiscal second-quarter results. The server maker reported adjusted EPS of $0.38 on revenue that rose 6% to $7.63 billion, both above consensus estimates. The company&#8217;s current-quarter revenue forecast also topped projections.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Tensions_Simmer_as_Trump_Comments_on_China_Negotiations\"><\/span>Trade Tensions Simmer as Trump Comments on China Negotiations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market gains were somewhat tempered by President Donald Trump&#8217;s comments regarding difficulties in trade negotiations with China. Early Wednesday, Trump stated that dealing with Chinese President Xi Jinping has been &#8220;extremely hard,&#8221; raising concerns about the ongoing trade discussions between the world&#8217;s two largest economies.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Despite these remarks, investors appear increasingly confident that stocks have turned a corner on tariff concerns. A series of reversals from the Trump administration has convinced many traders that the White House is mainly wielding high levies as a negotiating tool rather than implementing permanent trade barriers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Key_Events_to_Watch\"><\/span>Looking Ahead: Key Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are now looking ahead to Friday&#8217;s comprehensive jobs report from the Bureau of Labor Statistics, which will provide a more complete picture of the labor market. The weak ADP numbers have set expectations for a potentially softer government report.<\/p>\n<p>Other notable stocks making moves at the opening bell include <b>Applied Digital Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=APLD\">APLD<\/a>)<\/b>, which surged over 18%, and <b>Guidewire Software (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GWRE\">GWRE<\/a>)<\/b>, which jumped more than 17% after reporting strong quarterly results.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Meanwhile, <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> continues to attract attention after briefly surpassing Microsoft to become the world&#8217;s most valuable public company on Tuesday. The chip giant&#8217;s shares were relatively flat at the open, down 0.28% to $140.83.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As trading continues, market participants will be closely monitoring any further developments in U.S.-China trade relations and additional corporate earnings reports for clues about the overall health of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Post Modest Gains at Wednesday&#8217;s Opening Bell U.S. stocks inched higher on Wednesday, June 4, 2025, as investors 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