US Stocks Dip Ahead of Jobs Report; Tesla and Brown-Forman Fall

Edited by: Olga Sukhina

New York, June 5, 2024 - U.S. stock markets experienced a mixed session, with the S&P 500 and Dow Jones declining, while investors awaited the upcoming jobs report.

The S&P 500 fell by 31.51 points to 5,939.30, the Dow Jones decreased by 108 points to 42,319.74, and the Nasdaq dropped 162.04 points to 19,298.45. This downturn occurred ahead of the crucial U.S. jobs report on June 6.

Tesla's shares fell by 14.3%, contributing to a nearly 30% loss in market capitalization since the beginning of 2024. Brown-Forman, the owner of brands like Jack Daniel's, saw its shares plummet by 17.9% due to disappointing quarterly results.

In contrast, the European Central Bank (ECB) continued to lower key interest rates, marking the eighth reduction since June 2024. The Eurozone's inflation rate reached 1.9% in May 2024, approaching the 2% target.

In Vietnam, the VN-Index decreased by 3.65 points (0.27%) to 1,342.09, while the HNX-Index increased by 0.36 points (0.16%) to 231.19.

Sources

  • VietnamPlus

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