Stock Market Update Monday June 9, 2025

Stock Market Update Monday June 9, 2025 Stocks hovered near unchanged levels on Monday, with the S&P 500 inching up 0.1% in a muted session that allowed the benchmark index to consolidate its recent strong rally. Trading volumes remained light as investors appeared content to hold positions ahead of this week’s key inflation data. Market participants continued to price in exceptionally low volatility in the lead-up to the midweek CPI and PPI releases, though there was a slight uptick in implied volatility as the data approaches. The Nasdaq-100 (QQQ) gained 0.2%, while the small-cap Russell 2000 (IWM) outperformed with a 0.6% advance, reflecting modest risk-on sentiment beneath the surface.

Away From Stocks: Treasury markets saw a partial recovery from Friday’s selloff. The yield on the 2-year note slipped 3 basis points to 4.01%, while the 30-year yield edged down 2 basis points to 4.95%, suggesting a mild bid for duration amid cooling inflation expectations. In commodities, WTI crude maintained its recent upside momentum, climbing toward $65 per barrel amid improving technicals and speculative buying. Gold rose to $3,326 per ounce, benefiting from renewed interest in hard assets. Bitcoin extended its powerful uptrend, rallying to just under $109,000, as crypto markets continued to draw capital inflows. Meanwhile, the VIX edged back above 17, signaling a slight rise in demand for portfolio hedges but still reflecting relatively calm market conditions overall.

• June 10

  • 6:00 AM: May Small Biz Optimism

    • Forecast: 95.8

    • Actual: 95.8

• June 11

  • 8:30 AM: May CPI m/m

    • Forecast: 0.2

    • Actual: 0.2

  • 8:30 AM: May Core CPI m/m

    • Forecast: 0.3

    • Actual: 0.2

  • 8:30 AM: May CPI y/y

    • Forecast: 2.5

    • Actual: 2.3

  • 8:30 AM: May Core CPI y/y

    • Forecast: 2.9

    • Actual: 2.8

• June 12

  • 8:30 AM: May PPI m/m

    • Forecast: 0.2

    • Actual: -0.5

  • 8:30 AM: May Core PPI m/m

    • Forecast: 0.3

    • Actual: -0.4

• June 13

  • 10:00 AM: Jun P UMich 1yr Inf Exp

    • Forecast: 6.5

    • Actual: 6.6

  • 10:00 AM: Jun P UMich Sentiment

    • Forecast: 53.5

    • Actual: 52.2

The Big Beautiful Bill Act, a crucial piece of Trump's legislative agenda, has passed the House and is now under Senate consideration. Its passage in the House was narrow, with a vote of 215 to 214. The emerging feud between Trump and Musk raises concerns about whether fiscal conservatives, who reluctantly supported the bill in the House, might withdraw their support due to Musk's criticism.

Senator Rand Paul of Kentucky has already announced his opposition to the House version of the bill, citing its $4 trillion increase to the debt ceiling. Senator Ron Johnson of Wisconsin,