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US Equities Markets End Mixed Wednesday as Macro Data Comes Into Focus
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US Equities Markets End Mixed Wednesday as Macro Data Comes Into Focus
Jun 4, 2025 1:19 PM

03:59 PM EDT, 06/04/2025 (MT Newswires) -- US benchmark equity indexes ended mixed Wednesday as markets assessed the latest economic data and comments by President Donald Trump.

* US private sector employment grew last month at the slowest pace since March 2023, Automatic Data Processing ( ADP ) reported.

Responding to the ADP report, Trump said that Federal Reserve Chair Jerome Powell "must" lower interest rates immediately. Since taking office, Trump has repeatedly called on Powell to cut rates.

* Two surveys regarding the US services sector yielded contrasting results, with the Institute for Supply Management's data showing activity slipping into contraction territory in May, while S&P Global ( SPGI ) indicated a faster pace of growth.

"May's (purchasing managers' index) level is not indicative of a severe contraction, but rather uncertainty that is being expressed broadly among ISM services business survey panelists," said Steve Miller, chair of the ISM's services business survey committee.

* July West Texas Intermediate crude oil closed down $0.56 to settle at $62.85 per barrel, while August Brent crude, the global benchmark, was last seen down $0.73 to $64.91.

* Thor Industries ( THO ) shares jumped 4.6% after the recreational vehicle maker posted a surprise increase in fiscal Q3 earnings and sales year over year and reiterated its full-year outlook despite macroeconomic uncertainties.

* Dollar Tree ( DLTR ) shares tumbled 8% after the discount retailer forecast an earnings drop of up to 50% for the ongoing three-month period amid the impact of tariffs.

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