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June 5, 2025
By Alex Financials
U.S. Markets Dip as Growth Forecasts Lowered and Tariff Concerns Rise
On Tuesday, June 3, 2025, U.S. stock markets experienced modest declines amid renewed concerns over global economic growth and escalating trade tensions.
The Organization for Economic Cooperation and Development (OECD) revised its projections for U.S. economic growth, citing ongoing trade tariffs and policy uncertainties. The OECD now anticipates U.S. GDP growth to slow to 1.6% in 2025 and 1.5% in 2026, down from 2.8% in 2024. Global growth is also expected to decrease to 2.9% over the next two years .
Despite broader market softness, Dollar General ($DG) shares surged 11% in premarket trading after the retailer exceeded Q1 expectations and raised its earnings and sales outlook. The company’s performance suggests that consumer spending remains robust in certain segments .
Automakers such as General Motors ($GM), Ford ($F), and Stellantis ($STLA) are under pressure following President Trump’s announcement to double steel import tariffs, which could raise production costs. Shares of these companies declined on Monday as investors weighed the potential impact on profitability .
Palantir Technologies ($PLTR) hit a record stock price for the second consecutive day, bolstered by increased federal government use of its Foundry software. Meanwhile, major tech companies showed mixed performance:
Apple ($AAPL): $202.36 (+0.33%)
Microsoft ($MSFT): $462.32 (+0.08%)
Alphabet ($GOOGL): $167.21 (-1.08%)
Amazon ($AMZN): $206.75 (+0.05%)
Tesla ($TSLA): $350.01 (+2.13%)
Tesla’s stock rose following the company’s reaffirmation of its plans to debut more affordable electric vehicles in 2025 .
Gold futures opened at $3,406.50 per ounce on Tuesday, up 1% from Monday’s close, as investors sought safe-haven assets amid escalating tariff concerns . Oil futures also rose, while 10-year Treasury note yields declined, reflecting cautious investor sentiment .
As markets navigate the complexities of trade policies and economic forecasts, investors remain vigilant. While certain sectors like retail and specific tech companies show resilience, broader concerns about growth and tariffs continue to influence market dynamics.