By Janet H. Cho

Stock futures were sliding to kick off June after the S&P 500 had the strongest month in May since November 2023.

The downward trend in futures comes after President Donald Trump on Friday announced plans to double tariffs on steel and aluminum up to 50%, starting Wednesday.

Just after 6 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures fell 99 points, or 0.2%; S&P 500 futures fell 0.3%; and Nasdaq Composite futures fell 0.4%.

The Dow Jones Industrial Average last week closed up 667 points, or 1.6%. The blue chip index closed last month up 1,601 points, or 3.9%, at 42,270, snapping a three-month losing streak, according to Dow Jones Market Data.

The Dow is down 0.6% year to date.

The S&P 500 closed up 1.9% last week and rose 6.2% last month, at 5912, also snapping a three-month losing streak.

The S&P 500 is up 0.5% so far this year.

The Nasdaq Composite ended last week up 2% and ended last month 9.6%, at 19,114. It also snapped a three-month losing streak.

The Nasdaq is down 1% this year.

Besides the information technology and consumer discretionary companies reporting earnings this week, economic highlights includes the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey for April on Tuesday, and BLS's jobs report on May nonfarm payrolls, hourly wages, and unemployment rate on Friday.

On Wednesday, ADP will release its National Employment Report on private-sector employment for May and the Federal Reserve will publish its fourth of eight Beige Books of anecdotal economic conditions from the Fed's 12 regional banks.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 01, 2025 18:37 ET (22:37 GMT)

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