{"id":1879,"date":"2025-06-03T14:19:37","date_gmt":"2025-06-03T14:19:37","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-slips-while-sp-500-nasdaq-gain-as-oecd-cuts-global-growth-outlook\/"},"modified":"2025-06-03T14:19:39","modified_gmt":"2025-06-03T14:19:39","slug":"dow-jones-slips-while-sp-500-nasdaq-gain-as-oecd-cuts-global-growth-outlook","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-slips-while-sp-500-nasdaq-gain-as-oecd-cuts-global-growth-outlook\/","title":{"rendered":"Dow Jones slips while S&P 500, Nasdaq gain as OECD cuts global growth outlook"},"content":{"rendered":"

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U.S. stocks opened largely flat as investors weighed the latest economic growth outlook from the Organization for Economic Co-operation and Development<\/p>\n

The Dow Jones Industrial Average was down 41 points after swinging negative at the open, while the S&P 500 was up 0.04%. Meanwhile, the Nasdaq Composite rose 0.35%. All three major indexes closed May higher after riding tariff-driven swings.<\/p>\n

As stocks struggled amid slight risk-off sentiment, Bitcoin (BTC) was up 1.66% as bulls looked to strengthen above the $105k level. he benchmark digital asset fell to lows of $103,700 earlier in the day. <\/p>\n

Elsewhere, oil prices also saw an uptick, while in the bond market, the 30-year and 10-year Treasury yields were down. Gold gave up some gains.<\/p>\n

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This market outlook unfolds amid OECD\u2019s report<\/a> on Tuesday, June 3. <\/p>\n

While the Paris-based organization\u2019s forecast coincided with stocks having weathered tariff-related volatility to close green on Monday, underlying trends suggest the global economy is heading for its weakest growth since the Covid pandemic.<\/p>\n

In its latest report, the OECD warned that global economic growth is expected to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026. For the U.S., the OECD projects that annual gross domestic product growth will decline from 2.8% in 2024 to 1.6% in 2025 and 1.5% in 2026.<\/p>\n

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\u201cThe global economy has shifted from a period of resilient growth and declining inflation to a more uncertain path,\u201d said OECD Secretary-General Mathias Cormann. \u201cOur latest economic outlook shows that today\u2019s policy uncertainty is weakening trade and investment, diminishing consumer and business confidence and curbing growth prospects.\u201d<\/p>\n<\/blockquote>\n

Tariffs and continued uncertainty are likely to fuel further negativity across financial markets, with swings aligning with trade agreements or breakdown of talks. <\/p>\n

Markets have already followed this trajectory amid U.S.-China trade tensions, and similarly during the episode when former U.S. President Donald Trump recommended, then postponed, 50% tariffs on the European Union.<\/p>\n

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U.S. stocks opened largely flat as investors weighed the latest economic growth outlook from the Organization for Economic Co-operation and Development The Dow Jones Industrial Average was down 41 points…<\/p>\n","protected":false},"author":1,"featured_media":1880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1879"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1879\/revisions"}],"predecessor-version":[{"id":1881,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1879\/revisions\/1881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1880"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}