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Wall Street declines after Xi-Trump phone call
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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.

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