US Stocks Continue to Fall
US stocks fell on Tuesday (06/05), extending losses from the previous session, with the S&P 500 down 0.8%, the Nasdaq down 1% and the Dow Jones down about 260 points. Investor sentiment remained subdued amid continued tariff uncertainty and growing concerns about the impact of trade tensions on corporate profits.
President Trump is scheduled to meet with Canadian Prime Minister Carney on Tuesday, as negotiations between the US and several countries continue, although no formal agreement has been reached. Meanwhile, US imports in March jumped again in anticipation of new tariffs in April. The FOMC meeting begins today, with the Fed widely expected to keep interest rates steady. Technology and healthcare were the worst-performing sectors while energy and utilities posted gains. Palantir Technologies fell nearly 12% after disappointing investors, while Ford rose 1.9% despite warnings that tariffs could reduce its 2025 profit by about $2.5 billion.
Source: Trading Economics