Asia And Europe Markets Mixed Slip, Dollar Index Ticks Higher - Global Markets Today While US Slept

On Monday, June 2, U.S. markets closed higher as optimism over trade talks persisted despite Trump’s plan to double steel and aluminum tariffs. China called his accusations “groundless.” Steel stocks surged while automakers fell. Nvidia and Meta gained; Tesla slipped. Manufacturing contracted for a third month. Traders anticipate Fed rate cuts, with key jobs data due Friday.

According to economic data, U.S. manufacturing activity slipped in May, with ISM PMI falling to 48.5, which is below forecasts. Construction spending also dropped 0.4% in April after a 0.8% decline in March.

Most S&P 500 sectors rose Monday, led by energy, communication services, and tech. Industrials, however, ended the day in the red.

The Dow closed higher by 0.08% at ...