{"id":49594,"date":"2025-06-04T12:02:37","date_gmt":"2025-06-04T16:02:37","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-edge-higher-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/"},"modified":"2025-06-04T12:02:37","modified_gmt":"2025-06-04T16:02:37","slug":"stock-market-today-markets-edge-higher-as-tech-stocks-lead-amid-jobs-data-miss","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-edge-higher-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/","title":{"rendered":"Stock Market Today: Markets Edge Higher as Tech Stocks Lead Amid Jobs Data Miss"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Major_Indexes_Continue_Upward_Momentum_Despite_Economic_Concerns\" >Major Indexes Continue Upward Momentum Despite Economic Concerns<\/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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#ADP_Jobs_Report_Misses_Expectations\" >ADP Jobs Report Misses Expectations<\/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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Tech_Stocks_Lead_the_Way\" >Tech Stocks Lead the Way<\/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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Retail_Sector_Mixed_on_Earnings\" >Retail Sector Mixed on Earnings<\/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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Trade_Tensions_and_Tariffs_in_Focus\" >Trade Tensions and Tariffs in Focus<\/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-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Upcoming_Economic_Events\" >Upcoming Economic 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-markets-edge-higher-as-tech-stocks-lead-amid-jobs-data-miss\/49594\/#Notable_Stock_Movers\" >Notable Stock Movers<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Continue_Upward_Momentum_Despite_Economic_Concerns\"><\/span>Major Indexes Continue Upward Momentum Despite Economic Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The major U.S. stock indexes edged higher during midday trading on Wednesday, June 4, 2025, extending their winning streak to a third consecutive session despite weaker-than-expected employment data. As of 11:00 AM Eastern Time, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> was up 0.25% at 5,985.54, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average gained 0.16% to 42,585.95. The tech-heavy Nasdaq Composite showed the strongest performance, rising 0.31% to 19,459.42.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Today&#8217;s modest gains build on the market&#8217;s strong start to June, following a May that saw the S&#038;P 500 post its best monthly performance since late 2023. Investors appear to be balancing optimism in the technology sector against concerns about the broader economic outlook and ongoing trade tensions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADP_Jobs_Report_Misses_Expectations\"><\/span>ADP Jobs Report Misses Expectations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This morning&#8217;s ADP National Employment Report showed a sharp slowdown in private-sector hiring, coming in significantly below analyst expectations. The disappointing jobs data has investors closely watching Friday&#8217;s upcoming comprehensive employment report from the Bureau of Labor Statistics for further confirmation of potential labor market weakness.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8220;The weaker-than-expected ADP data suggests the labor market may finally be feeling the effects of higher interest rates and trade uncertainties,&#8221; said market strategist Emma Chen of Capital Insights. &#8220;However, the market&#8217;s resilience indicates investors are still optimistic about corporate earnings growth, particularly in the technology sector.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Lead_the_Way\"><\/span>Tech Stocks Lead the Way<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology shares continued to drive market gains, with semiconductor stocks showing particular strength. Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) rose 0.10% to $141.36, extending its rally from earlier this week. The AI chip leader remains a market favorite as artificial intelligence investments continue to accelerate across industries.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Hewlett Packard Enterprise (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPE\">HPE<\/a>) surged nearly 6% after reporting better-than-expected quarterly results, driven by strong demand for its AI servers and hybrid cloud segment.<cscitation citation_id=\"task_3__3\"><\/cscitation> Other chipmakers including Broadcom (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AVGO\">AVGO<\/a>) and Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>) also posted gains, rising 1.65% and 0.8% respectively.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>STMicroelectronics (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=STM\">STM<\/a>) was among the day&#8217;s biggest gainers, jumping 10.66% after its CEO indicated the French-Italian chipmaker is seeing signs of an industry upcycle that will boost results in coming quarters.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Retail_Sector_Mixed_on_Earnings\"><\/span>Retail Sector Mixed on Earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The retail sector showed mixed performance today, with Dollar Tree (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DLTR\">DLTR<\/a>) shares plunging 10.40% despite reporting better-than-expected first-quarter results. Investors reacted negatively to the discount retailer&#8217;s disappointing second-quarter outlook amid growing concerns about consumer spending.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>REV Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=REVG\">REVG<\/a>) was a bright spot, surging 16.44% after releasing its quarterly earnings report this morning.<cscitation citation_id=\"task_2__2\"><\/cscitation> The specialty vehicle manufacturer has benefited from strong demand in several of its key markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Tensions_and_Tariffs_in_Focus\"><\/span>Trade Tensions and Tariffs in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market participants continue to monitor developments on the trade front as Washington doubled its tariffs on steel and aluminum imports today. The tariffs jumped to 50% from the previous 25% rate introduced in March.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>This marks a key deadline set by President Trump for trading partners to make their best offers to avoid additional punitive import levies scheduled to take effect in early July. Negotiations between Washington and its trading partners remain a focal point for investors concerned about potential impacts on global growth and inflation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Economic_Events\"><\/span>Upcoming Economic Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are looking ahead to several key economic releases in the coming days that could provide further insight into the health of the U.S. economy:<\/p>\n<p>&#8211; Friday, June 6: The Bureau of Labor Statistics will release the comprehensive May employment report, with economists expecting approximately 125,000 new jobs and an unemployment rate of 4.2%.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; Wednesday, June 11: The Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) for May will be closely watched for signs of inflation trends.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; Thursday, June 12: Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) data will provide additional inflation insights.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movers\"><\/span>Notable Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among other notable stock movements today:<\/p>\n<p>&#8211; Applied Digital Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=APLD\">APLD<\/a>) led the gainers list, soaring 25.02% on heavy trading volume.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; CrowdStrike Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRWD\">CRWD<\/a>) fell 3.89% despite Jim Cramer describing the cybersecurity company&#8217;s latest earnings as &#8220;unbelievably good.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; Asana (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ASAN\">ASAN<\/a>) was the day&#8217;s biggest loser, plummeting 17.46%.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; CoreWeave (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRWV\">CRWV<\/a>), a rising player in the AI infrastructure space, gained 4.33% to $156.99.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Wells Fargo (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WFC\">WFC<\/a>) rose 0.75% to $76.22 after news broke that the bank has finally escaped the Federal Reserve&#8217;s asset cap after seven years, allowing it to pursue growth strategies again.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>As trading continues into the afternoon, investors will be closely monitoring comments from Federal Reserve officials and any developments in trade negotiations that could impact market sentiment heading into the latter part of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Continue Upward Momentum Despite Economic Concerns The major U.S. stock indexes edged higher during midday trading on Wednesday, 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