ECB is Planning an Interest Rate cut - Trump Doubts the 90-day Trade Truce With China - Trump Calls for Fed Rate cut After Weak ADP Report - Musk Criticizes Proposed tax Cuts - Canada Prepares Retaliatory Measures due to US Metal Tariffs - MongoDB Impresses With AI Boost - Five Below Exceeds Expectations

On Wednesday, June 4, 2025, the US stock markets showed mixed results . While the Dow Jones Industrial Average dropped by 0.2% to 42,427 points, the Nasdaq Composite managed to gain slightly by 0.3% to 19,460 points. The S&P 500 closed almost unchanged at 5,970 points. The main drivers behind the market movements were unexpectedly weak economic data from the US labor market. The ADP report showed that only 37,000 new jobs were created in the private sector for May – a figure that was significantly below the expected 110,000 and represented...