Stock Market Update Wednesday June 11, 2025

Stock Market Update Wednesday June 11, 2025 Equities endured another session of modest intraday volatility, with early gains spurred by a marginally better-than-expected CPI print and constructive U.S.-China headlines ultimately reversing by midday. The initial risk-on sentiment proved short-lived, as investor enthusiasm waned and major indices closed in negative territory. While price moves remain contained, markets have experienced two-sided action over the past two sessions, underscoring a lack of conviction ahead of upcoming macro catalysts. The S&P 500 declined by 0.3%, while the Nasdaq-100 (QQQ) and small caps (IWM) both shed 0.4%, reflecting broad-based softness across sectors.

Away from equities, Treasury markets saw a notable bid. The 2-year and 10-year yields dropped by 7 and 6 basis points, respectively, to 3.94%, as softer inflation data and geopolitical uncertainty prompted a flight to safety. Gold rallied sharply into the close, finishing at $3,347/oz—reflecting renewed demand for hedges amid global instability.

Crude oil prices surged 4.5% to approach $68 per barrel, as expectations dimmed for a U.S.-Iran nuclear agreement—adding upward pressure to supply risk premiums. Oil is now up over 10% month-to-date, reflecting tightening market dynamics. Bitcoin remained rangebound, consolidating near $109,000 amid subdued flows and macro indecision. Meanwhile, the CBOE Volatility Index (VIX) edged back above 17, reflecting a modest uptick in implied volatility as traders price in increased short-term uncertainty.