FX.co ★ US Stocks Remain Subdued as Global Growth Concerns Weigh

On Tuesday, the S&P 500 and Dow Jones Industrial Average experienced fluctuations near the flatline, whereas the Nasdaq Composite climbed, showing a 0.5% increase. This movement occurred as investors assessed the worldwide repercussions of President Trump's trade initiatives. Meanwhile, the Organisation for Economic Co-operation and Development (OECD) revised its global growth projection downward for the second occasion this year, cautioning that economic prospects are declining due to escalating trade barriers, more stringent financial conditions, diminishing business confidence, and heightened policy uncertainty. In terms of trade developments, a conversation between President Trump and President Xi is likely to occur later this week. Meanwhile, the Job Openings and Labor Turnover Survey (JOLTS) reported an unexpected increase in job vacancies for April, indicating a continued strong demand for workers. However, factory orders fell somewhat more than predicted. The real estate and consumer staples sectors underperformed, while technology stocks led the advance. Among the major technology companies, Apple rose by 0.3%, Nvidia by 2.9%, Amazon by 0.7%, and Tesla by 1.6%. In contrast, Microsoft remained relatively unchanged, while Meta experienced a decline of 0.3%, and Alphabet was down by 1.1%.