Market Wrap | US Stocks Slide as Inflation Fears and Rate Cut Hopes Grow

On June 5, 2025, U.S. stock markets experienced a decline, with the S&P 500 Index falling 0.53%, the Dow Jones Industrial Average dropping 0.25%, and the Nasdaq Composite Index decreasing 0.83%. This market downturn comes as Federal Reserve officials have signaled that tariffs are beginning to impact prices, potentially driving inflation higher. Additionally, traders have fully priced in a September rate cut by the Federal Reserve, reflecting growing concerns about a weakening job market and weak employment data.

In today's market, the materials and consumer goods sectors underperformed the S&P 500, while the communication services sector bucked the trend and rose.

Palantir Technologies Inc. shares dropped 7.77% as concerns over the company's ties to the Trump administration raised privacy issues. Meanwhile, Costco Wholesale Corp. saw a 3.89% decline due to slower May sales growth compared to April, which worried investors. Tesla Inc. experienced a significant 14.26% drop following President Trump's threat to pull government contracts for Elon Musk's companies.

Ryvyl Inc. led the gains on NASDAQ with a significant price increase of 133.93%, indicating strong investor interest. Liminatus Pharma's stock surged by 93.55% after restoring compliance with Nasdaq listing standards, boosting investor confidence. EPWK Holdings saw a sharp decline of 81.55% as trading was temporarily halted due to market volatility. Helius Medical's stock fell by 65.14% after pricing a $9.1 million capital raise, leading to dilution concerns.

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