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US Stocks Sink as S&P 500 Falls to Its First Loss in 7 Days
- The S&P 500 fell 0.3% and the Dow Jones dropped 55 points in early trading on Tuesday, June 6, 2025, in New York.
- The decline followed Moody's Ratings' decision to lower the U.S. government's credit rating due to concerns over rising debt levels.
- Stocks in the travel sector suffered some of the worst losses amid doubts about U.S. household vacation spending, while Home Depot gained 1.3% after reporting strong revenue despite a slight profit miss.
- Treasury yields rose with the 10-year yield reaching 4.50%, and investors welcomed interest rate cuts in Australia and China, where CATL’s shares surged 16.4% after raising $4.6 billion in the largest IPO of the year.
- Economists warn tariffs and limited fiscal support could deepen a potential U.S. recession, although traders remain hopeful for tariff reductions following future trade deals.
67 Articles
67 Articles
The three main indices closed with their biggest daily losses in a month. Small capitalization stocks also fell sharply, and the Russell 2000 index recorded its highest daily decline since April 10
U.S. stocks sink as S&P 500 falls to its first loss in 7 days
U.S. stocks fell as momentum slowed for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 lost 0.4% Tuesday for its first drop in…
Chicago Tribune
Independent EspañolBy STAN CHOE NEW YORK (AP) — Share prices fell on Tuesday on the New York Stock Exchange, as Wall Street lost momentum after recovering from a deep bump. The S&P 500 dropped 23,14 points, or 0.4%, to 5,940.46, for its first decline in seven days. The Dow Jones industrial average dropped 114.83 units, or 0.3%, to close at 42,677,24, and the Nasdaq compound dropped 72.75 points, or 0.4%, and stood at 19,142,71.
Sydney Morning Herald
ASX rises amid bets for more rate cuts; CBA gains, Mayne tanks
The Australian sharemarket extended its gains on Wednesday amid optimism for more rate cuts after the Reserve Bank lowered its benchmark interest rate by a quarter of percentage point on Tuesday.
Daily Journal
US stocks drift lower as S&P 500 flirts with its first drop in 7 days
U.S. stock indexes are drifting lower as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 fell 0.3% Tuesday and may…
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