CNBC Business News Update Market Close: Stocks Mixed, Dow Snaps 4 Day Winning Streak, Fed's Beige Book Shows Weakening Economy 6/4/25
Jun 4, 2025
Wall Street faces mixed signals as the Dow halts its four-day winning streak, leaving investors pondering the implications. The Federal Reserve's Beige Book reveals concerning trends in job growth and economic stability. Meanwhile, the rental market showcases an unexpected slowdown, with rent growth stalling and vacancy rates on the rise. New apartment supplies are reshaping the landscape, while major financial and tech sector events loom on the horizon, hinting at more market volatility ahead.
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Market Mixed, Cooling Ahead
- The Dow broke its four-day winning streak led by lower Chevron shares, showing mixed market conditions.
- Despite near-term potential for highs, economic cooling is expected to challenge the market in Q3.
Fed Beige Book Signals Weakness
- The Fed's Beige Book shows signs of weakening economy with declining growth, slow hiring, and rising prices.
- Businesses expect costs and prices to rise faster, highlighting inflation pressures alongside slowdown.
Tariff Costs Passed To Consumers
- Three quarters of businesses pass tariff-related cost increases onto consumers, with a significant number passing 100% of costs.
- This directly transfers inflationary pressures to consumers, impacting prices they pay.