Stock futures are flat after sluggish first trading day of June: Live updates
How did the S&P 500 and Nasdaq Composite fare on the same day compared to the Dow?
On the first trading day of June, the S&P 500 and Nasdaq Composite both rose modestly, while the Dow fell more than 115 points, or 0.3%.
What was the performance of the Dow Jones Industrial Average on the first trading day of June?
On the first trading day of June, the Dow Jones Industrial Average fell more than 115 points, or 0.3%.
What impact did the weak manufacturing data have on market sentiment?
The weak manufacturing data negatively impacted market sentiment, causing concerns among investors about the pace of economic growth. This was evident as the Dow Jones Industrial Average fell more than 115 points, or 0.3%, on the first trading day of June. The data raised questions about whether growth can hold up while the Federal Reserve waits for inflation to decline enough to cut interest rates. Despite the overall economy looking solid, some investors are losing confidence due to the moderation in the pace of growth and concerns about too much deceleration.