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Dow Jones DJIA Finally Breaks Higher, Nasdaq Slips As Meta Stock Weighs on Tech
Markets reacted to a lower-than-expected US producer inflation report and a tech slump led by Meta, resulting in a tumultuous session...
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Last updated: Wednesday, June 4, 2025
Quick overview
- U.S. producer inflation data came in lighter than expected, increasing the likelihood of Federal Reserve rate cuts later this year.
- Meta Platforms' stock fell 2.35% after delaying the launch of its large language model due to internal performance concerns.
- The Dow Jones closed up 271.69 points, while the NASDAQ ended in the red, reflecting mixed investor sentiment amid tech weakness.
- Despite Friday's pullback, the NASDAQ is still up 6.60% for the week, indicating strong overall momentum in the tech sector.
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MARKETS TREND
Markets reacted to a lower-than-expected US producer inflation report and a tech slump led by Meta, resulting in a tumultuous session in which equities reversed and bonds rose.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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