S&P 500 Gains & Losses Today: Outlook Hits CrowdStrike Shares, Dollar Tree Stock Falls
Key Takeaways
- The S&P 500 eked out a gain of less than 0.1% on Wednesday, June 4, 2025, as soft results from a private payroll report raised concerns about the job market.
- ON Semiconductor shares extended their move higher following the CEO’s positive comments on automotive and industrial demand.
- Dollar Tree shares plunged as the discount retailer said tariffs could pressure its earnings this quarter.
Major U.S. equities indexes finished Wednesday mixed after a report showed job creation by private employers hitting a two-year low in April, prompting President Donald Trump to reiterate calls for interest-rate cuts by the Federal Reserve.
The S&P 500 ended the midweek session with a gain of less than 0.1%. The Nasdaq added 0.3%, but the Dow was down 0.2%, snapping a streak of four straight winning sessions for the blue-chip index. read Investopedia’s full coverage of today’s trading here.
ON Semiconductor (ON) shares rose 6.1%, securing the top daily performance in the S&P 500. Wednesday’s move higher tacked onto gains posted in the prior session after Onsemi CEO Hassan El-Khoury told a tech conference that the company is seeing signs of a recovery in demand.
GlobalFoundries (GFS) said it plans to invest more than $16 billion to increase chip production in the U.S. The maker of so-called essential semiconductors said it is collaborating with companies like Apple (AAPL) and General Motors (GM) to support domestic chip manufacturing. Shares of NXP Semiconductors (NXPI), also mentioned as a partner in the U.S.-made chip initiative, gained 5.6%. GlobalFoundries shares were up 2.3%.
D.R. Horton (DHI) stock gained 4.4%, and shares of other homebuilders also moved higher. A downtick in Treasury yields and Trump’s renewed pressure on Fed Chair Jerome Powell to cut interest rates brightened the outlook for mortgage borrowing costs.
Dollar Tree (DLTR) shares dropped 8.4%, losing the most of any S&P 500 stock on Wednesday, as the discount retailer cautioned that tariffs could weigh on profitability in the current quarter. Although its net sales, comparable-store sales, and adjusted earnings per share for the fiscal first quarter topped estimates, Dollar Tree warned that second-quarter adjusted EPS could be down as much as 50% year-over-year as the company works to alleviate tariff-related costs.
An underwhelming outlook also pressured shares of CrowdStrike Holdings (CRWD), which sank 5.8% after the cybersecurity firm’s quarterly revenue forecast came in below consensus estimates. Despite the guidance, several research firms boosted their price targets on CrowdStrike shares, with Deutsche Bank highlighting the need for additional cyber defenses as companies deploy more artificial intelligence applications. Bank of America analysts downgraded CrowdStrike stock to “neutral,” citing a high valuation and an expectation for revenue growth to taper off of the next few years.
Constellation Energy (CEG) stock slipped 4.3%. Although the shares initially surged following Constellation’s announcement of a 20-year deal to sell nuclear power to Facebook parent Meta Platforms (META), they failed to hold on to those gains. Citi analysts downgraded Constellation Energy stock to “neutral” from “buy,” citing limited upside following the recent rally and noting that the Meta agreement could have implications for future power contract negotiations.