Top Stock Movers – June 04, 2025
U.S. stocks were modestly higher midday Wednesday, lifted by a surprise miss in private-sector hiring that sent Treasury yields tumbling and revived hopes for lower interest rates.
Homebuilders Rally
Shares of D.R. Horton (DHI) and other major homebuilders saw solid gains as falling bond yields translated into lower borrowing costs. The move was further fueled by renewed pressure from former President Donald Trump, who called on the Federal Reserve to slash interest rates.
Wells Fargo Climbs
Wells Fargo (WFC) rose after the Federal Reserve removed the asset cap imposed on the bank back in 2018 following its fake-accounts scandal. The move signals progress in Wells Fargo’s efforts to regain regulatory confidence.
Thor Industries Surprises to the Upside
Shares of Thor Industries (THO) advanced as the RV maker topped both earnings and revenue expectations. Strong demand across North America and successful cost-cutting initiatives helped fuel the beat.
Dollar Tree Tanks
Dollar Tree (DLTR) was the worst performer in the S&P 500, plunging after the company warned that new U.S. tariffs could slash current-quarter profit by up to 50%. The discount retailer flagged higher costs tied to its import-heavy product line.
CrowdStrike Slides
Shares of CrowdStrike (CRWD) dropped as the cybersecurity firm issued weak forward guidance, citing lingering effects from last year’s global IT outage caused by a software bug in its systems.
Tesla Loses Ground
Tesla (TSLA) shares slipped after the EV giant reported lower vehicle sales in major European markets including the UK, Germany, and Italy in May, raising concerns about regional demand trends.
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