Markets Close in Green on Mostly Quiet Trading Day

Market Overview - Markets closed flat-to-up on the first trading day of June, with the Dow finishing +35 points (+0.08%), S&P 500 rising +24 points (+0.41%), and Nasdaq outperforming with +128 points (+0.67%) [1] - Small-cap Russell 2000 rose +0.19% on the day [1] Trade and Economic Indicators - Recent trade tensions were highlighted by President Trump's announcement of a +50% tariff on steel and aluminum, which impacted market sentiment [2] - Renewed interest in AI supported tech stocks, while oil companies benefited from $63 per barrel oil prices [2] Manufacturing and Construction Data - S&P final Manufacturing PMI for May showed a slight decline to 52.0, which was 30 basis points below estimates, while ISM Manufacturing came in at +48.5%, down 20 basis points from April [3] - Construction Spending for April was reported at -0.4%, which was 60 basis points below expectations of +0.2%, marking the third negative month in the first four of 2025 [4] Upcoming Economic Reports - Job Openings and Labor Turnover Survey (JOLTS) for April is expected to decrease to 7.1 million from 7.2 million [5] - Factory Orders for April are anticipated to decline by -3.3%, down from +4.3% in March, reflecting concerns related to the trade war [6] Company Earnings Reports - Dollar General is expected to report a negative -10.9% earnings per share with +3.76% revenue growth, while CrowdStrike is projected to show negative -29% earnings per share growth with +20% revenue growth [7]