S&P 500 (NYSEARCA: SPY) Live: Broader Markets Stall on Trade Deal Worries

Key Points

Stocks are mixed out of the gate as traders and investors await trade deal progress.
Meta Platforms is an early mover in the race for nuclear power consumption for AI-powered data centers.
Nvidia made early investors rich, but there is a new class of ‘Next Nvidia Stocks’ that could be even better; learn more here.

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AVGO Stock at Record High

Jun 3, 2025 at 2:15 PM EDT | Gerelyn Terzo

Broadcom (Nasdaq: AVGO) has reached its latest record high of $257.88 per share today. The company is expected to report quarterly earnings this week, giving traders and investors something to look forward to. The broader markets have erased earlier losses and are now gaining ground, including a 0.42% advance in the SPY ETF. Here’s a look at AVGO stock today:

Wall Street Turns Bullish on UEC

Jun 3, 2025 at 12:06 PM EDT | Gerelyn Terzo

BMO Capital Markets has added nuclear power stock Uranium Energy (NYSE: UEC) to its coverage universe, taking a bullish view with a “buy” rating and $7.75 price target, suggesting further runway for gains. BMO’s optimism stems from President Trump’s plan to bolster U.S. nuclear energy production over the next few decades. Uranium Energy stock has climbed 11.1% higher today, amidst broader momentum within the nuclear power industry.

S&P 500 Forecast

Jun 3, 2025 at 10:23 AM EDT | Gerelyn Terzo

Deutsche Bank is the latest Wall Street firm to revise its 2025 S&P 500 forecast. Deutsche analyst Binky Chadha, who in early 2025 had a whopping 7,000 target on the broader market index, has lifted the firm’s S&P 500 year-end target to 6,550 from 6,150 in a positive sign for the direction of the markets and trade deals. The latest prediction suggests upside potential of 10% for the S&P 500.

This article will be updated throughout the day, so check back often for more daily updates.

Uncertainty continues to grip the markets as ongoing trade-related setbacks persist. After managing only a slight gain on Monday, equities are showing little clear direction today, with investors largely holding their breath for further developments on trade agreements. Reflecting this cautious sentiment, the Organization for Economic Co-operation and Development (OECD) has trimmed its growth projections for the U.S. economy, forecasting 1.6% for 2025 and 1.5% for 2026. The SPDR S&P 500 ETF (SPY) is up 0.03%.

In a notable development, Meta Platforms (Nasdaq: META) has finalized a two-decade power-purchase agreement with Constellation Energy (NYSE: CEG), securing electricity from the utility’s Illinois plant. This first-mover deal represents the first direct partnership between a major tech company and the nuclear power industry. Across the sector, large technology firms are actively seeking dependable access to the U.S. electricity grid, a necessity intensified by the rapidly escalating energy demands of their AI-powered data centers. Constellation Energy shares are surging 6% today, while Meta stock remains flat.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 54.45 (-0.13%)
Nasdaq Composite: Up 72.65 (+0.38%)
S&P 500: Up 4.61 (+0.08%)

Market Movers

Automaker Ford (NYSE: F) saw a robust 16.3% increase in sales last month compared to figures from a year ago. This impressive performance was largely driven by an employee pricing program that Ford implemented to counter the effects of tariffs and higher vehicle sticker prices.

Meanwhile, discount retailer Dollar General (NYSE: DG) is enjoying a 13.5% jump today after reporting better-than-anticipated first-quarter financial results, including strong sales figures. The company also uplifted its full-year outlook, a move that’s clearly being well-received by the markets.

Lastly, Hims & Hers Health (NYSE: HIMS) is up 14% in today’s trading session following its announcement of the acquisition of a European digital health platform.