Stocks Hold Flat After S&P 500 Record as White House Targets 60 Economies With Tariffs
Updated
Updated · CNBC · Jun 3
Stocks Hold Flat After S&P 500 Record as White House Targets 60 Economies With Tariffs
3 articles · Updated · CNBC · Jun 3
Summary
U.S. stocks were little changed Wednesday morning after the S&P 500 closed at a record high, with traders pausing ahead of Friday’s jobs report.
Iran tensions and trade policy capped gains: the U.S. and Iran exchanged fresh airstrikes even as President Donald Trump said peace talks were continuing, while the White House proposed tariffs on 60 economies over forced-labor practices.
The tariff plan marks a shift after the Supreme Court struck down earlier levies, adding another layer of policy uncertainty for markets already watching higher oil prices and Middle East risks.
ADP reported stronger-than-expected private-sector hiring in May, giving investors a firmer labor signal before the government payrolls data and helping offset some of the broader caution.