What You Need to Know about the Stock Market for Tuesday

Stock markets improve on Monday starting a bullish week a surprisingly strong economy even with a resumption of the China-U.S. trade war

Written by: Timothy St. John • Tuesday, June 3, 2025 • 2 min read

• Last updated: Tuesday, June 3, 2025

The stock market is climbing quickly after a decline late last week.

Quick overview

Stock market indices showed a recovery trend on Monday, with the Nasdaq Composite rising by 0.67%.
Steel stocks experienced significant gains due to new tariffs, with the American Steel Index increasing by 2.97%.
Despite escalating trade tensions between China and the U.S., the stock market demonstrates resilience and potential for further gains.
Walmart's stock rose by 1.06%, reflecting the overall positive momentum in the market.

Stock market indices ticked upward on Monday before trading closed off, starting off June with a recovery trend that points to a stronger than expected economy.

Steel stocks benefitted most from tariff changes this week.

The Nasdaq Composite climbed 0.67% by the end of Monday, with the S&P 500 adding 0.41% and the Dow Jones barely increasing by 0.08%. This upshift promises to be beneficial for the rest of the week in stock trading, indicating that even with a new wrinkle in the trade war with China and the United States, the stock market can bounce back.

China and the United States reached a trade deal last month that dropped Chinese retaliatory tariffs on U.S. goods from 125% down to 10%. Likewise, the United States dropped its retaliatory tariffs on Chinese goods from 145% to 30%. But now China says that the U.S. has broken the trade agreement by blocking the sale to Chinese customers of software designed to make computer chips. They allege that the United States is also cancelling Chinese student visas and warning off buyers against purchasing Huawei computer chips.

The U.S. Trade Representative Jamieson Greer said that it is China that is breaking the deal by not getting rid of non-tariff barriers. As the two countries escalate their trade war once more, the stock market took a dip on Friday and early Monday. However, it looks like the stock market is more resilient than previously thought right now.

Stocks to Watch

Teel stocks are up thanks to new tariffs ordered by President Donald Trump. With tariffs on steel and aluminum doubling, related stocks are soaring at the moment. The American Steel Index (STEEL) is up 2.97% today. Steel Dynamics (STLD) jumped 10% as well.

Tesla (TSLA) stock continues to drop (down 1.09%) following concerns about its robotaxi rollout and the competition it will face in that market, as well as CEO Elon Musk’s continued notoriety and the backlash his presence has on the company.

Walmart (WMT) is on the rise with a 1.06% increase on Monday as part of the upward surge of the wider stock markets. We expect that many of the most steadily performing stocks like Walmart will do very well this week as the stock market stabilizes and regains some of its lost ground.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.