Stocks drop to kick off June trading after strong May, China slams US on trade, April jobs report looms

Today on Morning Brief, anchors Brad Smith and Madison Mills break down the biggest market stories and spotlight trending tickers ahead of the opening bell. The team covers a rocky start to June as stocks pull back following a strong May. China accuses the US of violating its trade deal while Trump doubles tariffs on steel and aluminum. All eyes turn to the April jobs report and Jerome Powell’s upcoming comments after Fed’s Waller outlines a potential path for rate cuts. Tesla (TSLA) is also in focus after Elon Musk says he doesn’t “want to take responsibility for everything the administration’s doing” and reports show Tesla sales in Norway are up 213% year-over-year.

Takeaways:

• Stocks fall as June trading begins, reversing strong May gains

• China accuses US of breaking trade deal as Trump raises steel and aluminum tariffs

• April jobs report and Powell’s speech key for Fed watchers

• Tesla surges in Norway with 213% sales jump

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Yahoo Finance's Morning Brief is hosted by Madison Mills and Brad Smith.

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