Stock Market Update Tuesday June 3, 2025

Stock Market Update Tuesday June 3, 2025 Equities staged a robust advance today, with the S&P 500 (SPX) edging closer to record territory, now trading less than 3% below its all-time highs. The index is attempting a decisive breakout from its recent consolidation range, suggesting growing bullish momentum. Technology shares led the charge, buoyed by a sharp recovery in Nvidia, which has now fully retraced its post-earnings selloff, reaffirming its leadership role in the AI-driven rally.

On the session, the SPX gained 0.6%, Nasdaq-100 (QQQ) rose 0.7%, and the small-cap Russell 2000 (IWM) outperformed, surging 1.6%, reflecting a broadening of market participation.

Away From Stocks: Treasuries painted a mixed picture, with the 2-year yield ticking up 2 basis points to 3.96%, signaling tempered expectations on near-term rate cuts. Meanwhile, the 30-year bond yield eased slightly by 1 basis point to 4.98%, indicating continued investor appetite for duration amid macro uncertainty. In commodities, WTI crude settled above $63 per barrel, supported by resilient demand signals. Gold moderated slightly to $3,354 per ounce, consolidating after recent gains. Bitcoin bounced back toward $106,000, suggesting a re-emergence of risk appetite in digital assets. Volatility declined, with the VIX falling below 18, reinforcing the market’s constructive tone.