Stocks End the Day Mixed After Trump Renews Call for Interest Rates Cuts
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The Dow Jones Industrial Average lost nearly 92 points to close at 42,428. The S&P 500 was up four-tenths of a point, and the Nasdaq advanced 61.5 points. According to an ISM Purchasing Managers Index, services activity unexpectedly contracted last month.

Meanwhile, hiring data from ADP showed that just 37,000 jobs were created, the slowest pace of private sector hiring in more than two years. Earlier today, President Trump posted on Truth Social that Chinese leader Xi Jinping was, quote, very tough and extremely hard to make a deal with.

Both countries have complained that the other hasn't upheld the trade truce. In other individual stocks, in a run-up to their earnings release tomorrow, semiconductor company Broadcom ended the day up 1.7%, building on their record high yesterday. Reddit's stock rose 6.6%. The company sued the AI startup Anthropic, arguing that Reddit's data was used without a licensing agreement.

Warner Bros. Discovery shareholders have rejected a multi-million dollar pay package for CEO David Zasloff and his leadership team. The company's shares fell 1.5 percent. And Dollar Tree shares fell around 8.4 percent. The discount store operator said adjusted earnings per share from continuing operations could drop as much as 50 percent this quarter due to tariff mitigation efforts.

We'll have a lot more coverage of the day's news on WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.