Asia And Europe Markets Mixed, Dollar Rebounds Ahead Of US Jobs Data - Global Markets Today While US Slept

On Thursday, June 5, U.S. markets closed lower as Tesla shares plunged amid escalating tensions between Elon Musk and Donald Trump, wiping out significant market value. Optimism from renewed U.S.-China tariff dialogue was overshadowed by weak economic data, rising jobless claims, and inflation concerns. Broader market sentiment remained cautious ahead of key labor reports and ongoing uncertainty over Federal Reserve policy.

Economic data showed that U.S. unit labor costs rose 6.6% in Q1, while nonfarm productivity declined 1.5%. The trade deficit narrowed to $61.6 billion, marking its lowest since September 2023.

Most S&P 500 sectors fell Thursday, led by consumer discretionary, materials, and staples, while communication services ended higher.

The Dow closed lower by 0.25% at 42,319.74, the S&P 500 declined 0.53% ...