US Stocks Experience Mixed Day as OECD Cuts Growth Outlook

On June 3, 2025, the US stock market experienced a mixed day, influenced by several key factors. Despite some positive gains in certain sectors, the overall market was somewhat subdued.The S&P 500, which is a broad index of the US stock market, saw a slight decline, down by 0.1 percent, while the Dow Jones Industrial Average and NASDAQ futures were also lower, with the Dow Jones down by 0.2 percent and the NASDAQ down by 0.1 percent in pre-market trading.The primary driver of today's market direction was the Organisation for Economic Co-operation and Development's (OECD) decision to lower its growth outlook for the US economy. The OECD forecasted the US gross domestic product to grow only 1.6 percent in 2025 and 1.5 percent in 2026, down from 2.8 percent in 2024. This reduction was attributed to ongoing tariff turmoil and policy uncertainty.In terms of sector performance, auto manufacturers were in focus. Ford Motor Company reported a significant surge in sales, with a 16.3 percent increase in May US sales, including a 10.7 percent rise in electric vehicle sales. However, Ford's stock only rose by 0.3 percent, indicating a muted investor response.Dollar General shares were among the top gainers after the company reported better-than-expected results and raised its guidance. Conversely, shares of General Motors and Stellantis were under pressure following President Donald Trump's plans to double US steel tariffs.Looking ahead, pre-market futures indicate a cautious start for the next trading day. Key events to watch include further reactions to the OECD's growth forecasts and any updates on trade policies. Important upcoming earnings releases and any significant economic data, such as GDP growth figures, will also be closely monitored for their potential to catalyze market movements.In summary, today's market was characterized by a cautious tone, driven by lowered economic growth forecasts and ongoing trade uncertainties, while specific sectors and companies showed mixed performances.This content was created in partnership and with the help of Artificial Intelligence AI