US OPEN: Mixed start to Wall Street session; Tesla down 4% 💡

15:30 5 June 2025

Wall Street indices opened lower on Thursday, losing an average of around 0.15% in the cash market. S&P 500 (US500) futures are currently down around 0.05%, while Nasdaq-100 (US100) futures are up around 0.1%. Investors are reacting to incoming macro data and awaiting potential news on trade agreements. As confirmed by Chinese sources, the presidents of the US and China held a telephone conversation today.

Current volatility observed on Wall Street. Source: xStation

US100

The Nasdaq-100 index, represented by the US100 contract, is trading today almost 0.1% lower than yesterday's close. The index continues to maintain a dynamic upward trend, illustrated by exponential moving averages (50-, 100- and 200-day EMAs, respectively). From a technical perspective, the 21,000-point circular zone remains important price support, while the historic high near 22,300 points remains resistance.

Source: xStation 5

News

Tesla (TSLA.US) shares fell nearly 4.5% in early trading, mainly due to ongoing concerns about falling sales in key markets such as China and Europe, where Tesla is facing increasing competition from cheaper Chinese electric vehicles and falling demand. Reports indicate that Tesla's sales have fallen significantly in these regions, which has affected investor sentiment.

Applied Digital (APLD.US) shares rose 7.9% after CoreWeave disclosed a 5.5% stake in the company.

Chewy Inc. shares (CHWY.US) fell 3.1% premarket after a Jefferies analyst downgraded the stock to “hold” from “buy,” saying the valuation appeared “poised” to beat consensus estimates in the first quarter.

Dollar Tree Inc. (DLTR.US) shares rose 1.9% after JPMorgan raised its rating from neutral to “overweight.”

PVH (PVH.US) shares fell 9.5% after the Calvin Klein brand lowered its full-year adjusted earnings forecast and noted that the outlook reflected an estimated net negative impact from tariffs on U.S. imports.

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