🇺🇸📈 June 3, 2025: U.S. Economic & Stock Market Trends

📊 Market Closing Summary

• Nasdaq: 19,398.96 (+0.81%)
• S&P 500: 5,970.37 (+0.58%)
• Dow Jones: 42,519.64 (+0.50%)
• USD/KRW exchange rate: 1,379.00 KRW (▼0.33%)

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📰 Major News & Issues

1. 📉 OECD Lowers U.S. Economic Growth Forecast
   The OECD revised its 2025 growth forecast for the U.S. down from 2.2% to 1.6%, citing rising trade tensions and increased uncertainty stemming from President Trump's tariff policies.
2. 📈 Tech-Driven Market Rally Continues
   The Nasdaq rose 0.81% to close at 19,398.96, driven by strong performance in semiconductor stocks like Nvidia. Investors remain optimistic about the growth potential of AI and chip sectors.
3. ⚖️ Manufacturing Stocks React to Tariff Policy
   Following President Trump’s announcement of higher tariffs on steel and aluminum, steelmakers saw gains, while auto manufacturers declined due to concerns over rising production costs.
   
   
4. 📊 S&P 500 Posts Strong May Performance
   The S&P 500 rose 6.2% in May, marking its best monthly performance since March 2023. This rally was largely fueled by strength in tech stocks and expectations of a rate cut later this year.
   
   
5. 🗓️ Key Events This Week
   Market attention is focused on two major events this week: Fed Chair Jerome Powell's speech and the release of the May nonfarm payroll report, both of which could heavily influence investor sentiment.

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🔮 Outlook & Key Dates to Watch

• June 5 (Wed): Weekly jobless claims report
• June 6 (Thu): May nonfarm payrolls report
• Mid-June: Upcoming FOMC (Federal Open Market Committee) meeting

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💡 Conclusion & Investment Strategy

• Conclusion: While the U.S. economy shows signs of recovery in Q2, risks remain due to a weakening labor market and ongoing uncertainty over trade policy.
• Investment Strategy:
  • Tech Stocks: Continue to focus on AI and semiconductor names
  • Consumer Sector: Monitor recovery-driven opportunities in consumer-related industries
  • Defensive Plays: Increase allocation to defensive sectors amid political and global uncertainties

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📝 Final Thoughts

With major data releases and Fed commentary scheduled this week, market volatility is expected to rise. Investors are advised to stay alert and take a cautious, well-informed approach to portfolio management.