Market Pulse

Index	Last Week	1-Month (Trailing)	YTD
DJIA	-0.30%	+2.54%	+5.83%
S&P 500	-2.60%	+0.25%	+7.80%
Nasdaq	-4.70%	-2.05%	+10.70%
Russell 2000	-2.90%	-0.50%	+14.20%
MSCI EAFE	-1.38%	+0.22%	+8.22%
MSCI EM	-5.85%	-1.24%	+18.06%
Bloomberg U.S. Agg	-0.90%	-0.85%	+0.08%
Bloomberg U.S. Corp HY	-1.10%	-0.61%	+1.00%

Data as of: Friday, June 5, 2026

See important disclosures below.

Weekly Recap

05/25/2026 - 05/29/2026

U.S. Economy

• May payrolls topped expectations, revisions moved higher

• Hawkish Fedspeak raised focus on inflation risks

Equity Market

• S&P 500 snapped nine-week winning streak

• Tech lagged as semis, software sold off

Bond Market

• Treasury yields rose after strong jobs data

• Yield curve flattened as rate concerns lingered

Around the Globe

• Oil climbed amid Middle East uncertainty

• Gold, silver, Bitcoin posted steep declines

The Week Ahead…

06/01/2026 - 06/05/2026

• Mon

  • Apple WWDC keynote

  • Earnings: Vail Resorts

• Tue

  • NFIB Small Business Index

  • Existing Home Sales

  • Earnings: Casey’s General Stores, Cracker Barrel

• Wed

  • ADP Employment Report

  • ISM Services Index

  • Broadcom, CrowdStrike, Medtronic, Veeva, Macy’s

• Thu

  • PPI

  • Weekly Jobless Claims

  • Earnings: Adobe, Lennar

• Fri

  • Michigan Consumer Sentiment

  • SpaceX IPO expected

Markets will turn their attention to inflation data next week after a stronger-than-expected May jobs report pushed Treasury yields higher and reinforced concerns that the Fed may need to stay restrictive. CPI on Wednesday and PPI on Thursday will be the key macro releases, while weekly jobless claims and preliminary Michigan Consumer Sentiment will offer additional insight into the labor market and household inflation expectations.

The earnings calendar is relatively light, but several high-profile reports could still shape sentiment. Oracle will be closely watched for commentary on AI-related spending and capital investment, while Adobe and Lennar may provide updates on enterprise software demand and housing conditions.

Corporate activity will also remain in focus, with Apple’s WWDC keynote expected to draw attention to its AI strategy. Meanwhile, SpaceX’s anticipated IPO could test investor appetite for large new equity issuance.

-Matt Shaw, CFA

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