US Stock Market Daily Report
2026-06-04
US Stock Market Daily Report — 2026-06-04
Big Picture
US equity markets retreated on Tuesday, June 3, 2026, as the S&P 500 snapped a two-day winning streak and gave back part of last week's historic gains. The benchmark fell 0.73% to close at 7,554.37, pulling back from Monday's all-time high above 7,600. The retreat came as Treasury yields climbed to their highest levels in a year, pressuring valuations, while investors parsed earnings from Broadcom, CrowdStrike, and Veeva Systems. Geopolitical uncertainty around US-Iran ceasefire negotiations continued to inject volatility into energy markets, with WTI crude surging 2.4% on supply concerns.
Index Performance
| Index |
Close |
Change |
% Change |
| S&P 500 |
7,554.37 |
-55.41 |
-0.73% |
| Dow Jones |
50,688.43 |
-619.36 |
-1.21% |
| Nasdaq |
26,853.98 |
-239.93 |
-0.89% |
| Russell 2000 |
2,893.51 |
-38.45 |
-1.31% |
| VIX |
16.10 |
+0.33 |
+2.09% |
Sector ETF Tracker
| Sector |
ETF |
% Change |
| Technology |
XLK |
Focus sector |
| Healthcare |
XLV |
Mixed |
| Financials |
XLF |
Under pressure |
| Energy |
XLE |
+2.4% (oil surge) |
| Consumer Discretionary |
XLY |
-0.8% |
Top Stock Movers
Top Gainers:
| Ticker |
Company |
Price |
% Change |
| MRNA |
Moderna Inc. |
$49.04 |
+7.45% |
| SNDK |
SanDisk Corp |
$1,832.71 |
+6.78% |
| URI |
United Rentals |
$1,057.31 |
+6.28% |
| INCY |
Incyte Corp |
$97.97 |
+6.21% |
| MDT |
Medtronic |
$78.03 |
+5.80% |
Top Losers:
| Ticker |
Company |
Price |
% Change |
| LITE |
Lumentum Holdings |
$938.17 |
-8.84% |
| GPN |
Global Payments |
$67.85 |
-8.35% |
| CHTR |
Charter Communications |
$129.01 |
-8.03% |
| NOW |
ServiceNow |
$117.91 |
-7.63% |
| IBM |
IBM Corp |
$305.63 |
-7.17% |
Crypto & Commodities
| Asset |
Price |
% Change |
| Bitcoin |
$64,812.61 |
-2.80% |
| Ethereum |
$1,773.97 |
-4.53% |
| WTI Crude Oil |
$96.04 |
+2.43% |
| Brent Crude |
$97.72 |
+1.79% |
| Gold |
$4,467.10 |
-1.17% |
| Silver |
$73.138 |
-3.20% |
| Natural Gas |
$3.234 |
+2.12% |
Key Market Indicators
| Indicator |
Value |
Note |
| 10-Year Treasury Yield |
4.494% |
Highest in a year |
| 2-Year Treasury Yield |
4.083% |
+3.8 bps |
| US Dollar Index |
~98.5 |
Strong dollar trend |
| 52-Week S&P High |
7,620.90 |
June 2, 2026 |
| 52-Week S&P Low |
5,921.20 |
— |
Earnings This Week
| Date |
Companies |
| June 3 (reported) |
Broadcom, CrowdStrike, Veeva Systems |
| This week |
Major retailers expected |
Recent key earnings: Nvidia (May 20 — chip sector strength continues), SpaceX IPO filing (May 20 — largest private market listing ever)
Looking Ahead
Markets face a critical week ahead as investors await the June FOMC meeting and fresh US-China trade developments. The 10-year Treasury yield at 4.49% remains a key headwind for equity valuations, particularly in the technology sector. Iran ceasefire negotiations remain fragile — any breakdown could push oil prices toward $100, further complicating the Fed's inflation calculus. With the S&P 500 still near record levels despite recent volatility, a retest of the 7,600 level will depend on earnings beats and whether geopolitical risks ease.
Sources: Investing.com, CNN Markets, TheStreet | Report generated 2026-06-04