Market News
Wall Street edges higher, dollar bounces back amid tariff talks, economic data - REUTERS
Summary
- OECD warns of global economic slowdown due to trade war
- US job openings rise, factory orders drop unexpectedly
- Euro Zone inflation eases to ECB target
- Crude prices rise amid Ukraine war and Iran nuclear deal tensions
NEW YORK, June 3 (Reuters) - Wall Street edged higher and the dollar rebounded on Tuesday as market participants looked past ongoing tariff wrangling and lowered economic expectations ahead of Friday's crucial U.S. employment report.
All three major U.S. stock indexes were up modestly while gold backed down from a near four-week high in opposition to the strengthening greenback.
"Today is a day with no big drivers," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York. "The market is becoming more comfortable with Trump's negotiation style. He comes out with guns blazing and then is, you know, very happy to, you know, put his guns away, having made his point.
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"He expects a reasonable settlement at least, which he'll call a huge win, of course," Ghriskey added.
