U.S. stock futures are pointing lower after the OECD cut its U.S. and global growth outlooks over tariff concerns and uncertainty; Dollar General (DG) shares are jumping in premarket trading after it reported better-than-expected results and raised its guidance; General Motors (GM), Ford Motor (F) and Stellantis (STLA) shares are in focus after dropping Monday on President Donald Trump's plans to double U.S. steel tariffs; and Palantir Technologies (PLTR) shares hit a record high for a second straight session yesterday. Here's what i🌞nvestors need to know today.
1. US Stock Futur♕es Point Lower on Wಞeakened Economic Outlook
U.S. stock futures are pointing lower after indexes shook off trade tensions Monday to start June trading on 澳洲幸运5开奖号码历史查询:a positive note. 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average and 澳洲幸运5开奖号码历史查询:S&P 500 futures are 0.2% lower and Nasdaq futures are down 0.1% after all three indexes gained yesterday. Bitcoin (BTCUSD) is higher, trading at over $105,000, while oil futures also a🦩re up. The 10-year✅ Treasury note yield and gold futures are lower.
2. OECD Cuts US, Global Growth Forecasts on Tariff🃏s, Uncertainty
The Organisation for Economic Co-o🦹peration and Development (OECD) on Tuesday 澳洲幸运5开奖号码历史查询:sharply lowered its grow✱th forecasts for the U.S., citing an increasingly challenging world outlook due to the fallout from tariffs and policy uncertainty. The OECD said it expects the U.S.'s annual real 澳洲幸运5开奖号码历史查询:gross domestic product (GDP) growth rate to fall to 1.6% in 2025 and 1.5% in 2026 from 2.8% in 2024. In March, the OECD had forecast U.S. growth at 2.2% this year and 1.6% next year. The OECD also cut its forecasts for global GDP growth to 2.9% this year and next from 3.3% in 2024, assuming tariff rates as of mid-May are left unchanged.
3. Dollar General Stock Jumps on Discount Retailer's Q1 Results, Outlook Lift
Dollar General (DG) shares are jumping 11% in premarket trading after the discount retailer reported bet🌳te🍌r-than-expected first-quarter results and raised its full-year outlook. The company reported 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.78 on net sales that increased 5% year-over-year to $10.44 billion. 澳洲幸运5开奖号码历史查询:Analysts surveyed by Visible Alpha had projected $1.47 and $10.26 billion, respectively. The company raised the floor of its full-year EPS forecast by 10 cents to a range of $5.20 to $5.80 and increased its♕ net sales growth pr🎐ojection to 3.7% to 4.7% from 3.4% to 4.4%.
4. 'Big Three' Stocks in Focus After Dropping on Trump Steel Tariffs Comments
Shares of 澳洲幸运5开奖号码历史查询:"Big Three" automakers are in focus after 澳洲幸运5开奖号码历史查询:dropping Monday on investors' concerns over proposed higher U.S. tariffs on steel imports. General Motors (GM) and Ford Motor (F) 澳洲幸运5开奖号码历史查询:declined roughly 4% and Stellantis (STLA) dropped 3.6% yesterday after President Donald Trump said that the U.S. would 澳洲幸运5开奖号码历史查询:double its tariffs on steel imports to 50%, which could greatly increase costs for automobile manufacturing. Shares for all three are edging lower in preꦛmarket trading.
5. Palantir Stock Hits Record High for Secon😼d Straight Session Monday
Palantir Technologies (PLTR) hit a record high for the 澳洲幸运5开奖号码历史查询:second straight session Monday as investor optimism over the AI-powered analytics software provider continued to drive the company's share price higher. Palantir shares rose 0.2% to close Monday at $132.04 after 澳洲幸运5开奖号码历史查询:surging nearly 8% Friday. The stock has doubled since hitting its early-April low and is up 75% since the start of the year. The surge comes as the federal government has integrated a Palantir product called Foundry into at least four agencies, The New York Times reported Friday. Palantir shares are ticking higher in premarket trading.