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June 6, 2025 5:44 PM

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US stock markets show downward trend

On the eve of the all-important jobs data, there was a downward trend in US stock markets. Dow Jones Industrial Average shed 0.25 per cent. S&P 500 fell 0.53 per cent and Nasdaq Composite closed 0.83 percent down. Tesla sank 14 per cent as Trump proposed ending Musk’s government contracts and subsidies after his onetime adviser attacked the Republican tax-policy bill. At Nasdaq exchange, Tesla’s shares wiped out nearly 150 billion dollars from its market cap, its biggest single-day loss in value ever.