Stock Market Update Monday June 2, 2025

Stock Market Update Monday June 2, 2025 Bulls remained firmly in control as equities once again shrugged off early-session weakness, reversing higher into the close. The late-day rally pushed year-to-date gains to just shy of 4%, underscoring resilient risk appetite despite mixed economic data. This morning’s ISM Manufacturing report came in modestly below expectations, but underlying components—including prices paid, employment, and new orders—showed minimal deviation, suggesting no significant shift in underlying economic momentum.

Market Performance:

• S&P 500: +0.4%

• Nasdaq 100 (QQQ): +0.7%

• Russell 2000 (IWM): +0.2%

Away From Stocks: In contrast, the Treasury market sold off, with yields on the 2-year and 30-year notes climbing 5 and 7 basis points to 3.94% and 4.99%, respectively—reflecting a repricing of rate expectations or duration risk. Commodities were notably firm, with WTI crude pushing above $63/barrel and gold surging nearly 3% to $3,382/oz, likely driven by renewed safe-haven demand or inflation hedging flows. Bitcoin traded flat, hovering just under $105,000, while the VIX drifted lower toward 18, reinforcing the market’s current complacency or confidence—depending on your lens.