The US stock market fell in early trading as weak manufacturing data and renewed trade risks emerged.

Wall Street kicked off a new week in decline with escalating trade tensions and uncertain geopolitical situations. The US stock market widened its losses after the release of manufacturing data. At 10:03 New York time, the S&P 500 index fell by 0.7%, the Nasdaq 100 index fell by 0.5%, and the Dow fell by 0.9%. The S&P 500 index had its best performance in the same month in 35 years last month, while the market has historically been calm in June. Manufacturing activity in the US contracted in May, and import measurement indicators fell to a 16-year low. Most major sectors declined, but energy producers and large tech stocks strengthened. US steel and aluminum stocks soared after Donald Trump promised to double metal tariffs. "With investors digesting new tariff news and upcoming US economic data, we continue to expect market volatility to persist. Fiscal concerns still exist, and geopolitical tensions are escalating," said Ulrike Hoffmann-Burchardi of UBS Global Wealth Management.