Last Updated: 4:03 PM EST
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Stock indices finished today’s trading session in the green. The Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) gained 0.29%, 0.15%, and 0.36%, respectively. Earlier today, the Bureau of Labor Statistics released its JOLTs Job Openings report, which helps measure job vacancies in the U.S. The number came in at 8.059 million job openings for April, below the expected 8.37 million.
This is lower than the previous report, which saw 8.355 million job openings. Interestingly, job openings have been in an overall decline since peaking at 11.855 million back in May 2022’s report.
In addition, the U.S. Census Bureau released its Factory Orders report, which measures the change in the total value of new purchase orders placed with manufacturers. During April, factory orders increased by 0.7% on a month-over-month basis, in line with expectations.
When excluding transportation, factory orders also jumped by 0.7%, which was an improvement from the previous report of 0.4% and above the forecast of a 0.4% increase.
First Published: 4:38 AM EST
U.S. futures inched lower on Tuesday morning after a mixed trading session on the first day of June. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down by about 0.27%, 0.26%, and 0.27%, respectively, at 4:12 a.m. EST, June 4.
The weak manufacturing data for May, released yesterday, impacted market sentiment, while investors continued to evaluate the likelihood of Federal Reserve interest rate cuts. On Monday, the three major indices showed a mixed trend. The Dow Jones declined 0.3%, while the S&P 500 and the Nasdaq Composite were up 0.11% and 0.56%, respectively.
Traders are now looking forward to the release of the Job Openings and Labor Turnover Survey by the Bureau of Labor Statistics later today. Economists expect 8.38 million job openings on the last business day of April, which is about 100,000 lower than in March. Also, U.S. factory order data will be made public today.
In key earnings reports due today, Bath & Body Works (BBWI), CrowdStrike (CRWD), Hewlett Packard Enterprise (HPE), Stitch Fix (SFIX), PVH (PVH), and Designer Brands (DBI) will release earnings today.
In other important stock market news, GameStop (GME) stock surged 21% yesterday after a Reddit post by user Roaring Kitty revealed a $181.4 million investment in GME. Spotify (SPOT) was up 5.7% after announcing a price increase for its premium service in the U.S.
Meanwhile, the U.S. 10-year treasury yield was down at the time of writing, floating near 4.38%. At the same time, WTI crude oil futures trended lower, hovering near $73.15 per barrel as of the last check.
Elsewhere, European markets opened lower today as investors took on a cautious stance ahead of the European Central Bank’s interest rate decision due later this week.
Asia Pacific Markets Traded Mixed on Tuesday
Asia-Pacific indices traded mixed today. Investors are awaiting more economic data from the region, due for release this week, while also evaluating weak U.S. manufacturing data.
Hong Kong’s Hang Seng index was up 0.31%. At the same time, China’s Shanghai Composite and Shenzhen Component indices were trading higher by 0.41% and 1.05%, respectively. On the other hand, Japan’s Nikkei and Topix indices finished lower by 0.22% and 0.38%, respectively.
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