Stocks fell Thursday, with the Dow down 0.3%, S&P 500 down 0.5%, and Nasdaq down 0.8%. A public spat between President Trump and Elon Musk caused Tesla shares to plummet 14%. Trade data showed a narrower-than-expected trade deficit, while jobless claims were slightly higher. Positive corporate earnings were offset by concerns about tariffs, particularly impacting PVH and Brown-Forman. The May jobs report is anticipated Friday. Bitcoin and gold prices fluctuated.

Prepared by Christopher Adams and reviewed by editorial team.