financetom
Market
financetom
/
Market
/
Wall Street declines after Xi-Trump phone call
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wall Street declines after Xi-Trump phone call
Jun 5, 2025 9:53 AM

US stock indices fell on Thursday as the markets assess the latest economic data, and after news about US President Donald Trumps phone call with his Chinese counterpart Xi Jinping.

Chinas foreign ministry stated that Trump was the one who called Jinping to discuss bilateral relations.

Earlier US data showed the commodities and services deficit in April shrank 55.5% m/m, reaching $61.6 billion, the lowest since 2023.

Otherwise, US unemployment claims rose by 8 thousand last week to 247 thousand, while analysts expected a drop of 3 thousand.

On trading, Dow Jones fell 0.3% as of 15:20 GMT to 42314 points, while SP 500 shed 0.2% to 5957 points, as the NASDAQ dipped 0.2% to 19,420 points.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-US stock futures steady with focus on Mideast tensions, Fed meeting
US STOCKS-US stock futures steady with focus on Mideast tensions, Fed meeting
Jun 16, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.3%, S&P 500 0.4%, Nasdaq 0.5% June 16 (Reuters) - U.S. stock index futures edged higher on Monday as easing oil prices helped calm sentiment despite ongoing attacks between Iran and Israel and increased focus on...
US stock futures steady with focus on Mideast tensions, Fed meeting
US stock futures steady with focus on Mideast tensions, Fed meeting
Jun 16, 2025
(Reuters) -U.S. stock index futures edged higher on Monday as easing oil prices helped calm sentiment despite ongoing attacks between Iran and Israel and increased focus on the upcoming Federal Reserve meeting. Wall Street indexes shed more than 1% on Friday as oil prices surged 7% after Israel and Iran traded air strikes, feeding investor worries that the combat could...
US Equity Investors to Watch Out for Geopolitical Risk, Fed's Interest-Rate Forecasts This Week
US Equity Investors to Watch Out for Geopolitical Risk, Fed's Interest-Rate Forecasts This Week
Jun 16, 2025
05:45 AM EDT, 06/16/2025 (MT Newswires) -- US equity investors will focus on escalating deadly conflict between Israel and Iran while keeping an eye on the path ahead for interest rates in the Federal Reserve's June policy meeting during this holiday-shortened week. * The Israel-Iran conflict entered 4th day, with both sides firing waves of missiles overnight, CNN reported. Iran's...
Investors shun long-term US bonds as hopes for aggressive Fed rate cuts fade
Investors shun long-term US bonds as hopes for aggressive Fed rate cuts fade
Jun 16, 2025
NEW YORK (Reuters) -Bond investors, anticipating the Federal Reserve will hold interest rates steady again this week, are moving away from longer-dated Treasuries as they temper expectations for an aggressive easing given the lower chance of a U.S. recession.  Their flight away from the long end of the curve also reflects worries about President Donald Trump's tax and spending bill,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved