June 7, 2026
Market Watch — June 7, 2026
S&P 500
6,118
+24 pts (+0.39%)
Nasdaq
19,988
+72 pts (+0.36%)
Russell 2000
2,316
+18 pts (+0.78%)
Dow Jones
44,910
+156 pts (+0.35%)
Gold
$3,612/oz
+0.55%
WTI Crude
$74.40/bbl
+1.78%
USD/JPY
149.62
-1.42%
EUR/USD
1.0478
+0.34%
U.S. Economic Data
- U.S. CPI (May, year-over-year) 2.9% vs 3.0% expected — modest cooling; core CPI 3.0% YoY, in line
- Initial Jobless Claims 224K vs 230K expected — labor market remains tight
- Wholesale Inventories (April) +0.2% MoM — soft build, in line
Central Bank Watch
- Fed Chair Powell: “Patient stance appropriate, no urgency to cut or hike”
- ECB’s Lagarde: “Inflation path consistent with 2% target by mid-2027”
- BOJ’s Ueda: “Yen volatility reflects market repositioning, not policy shift”
Sentiment & Flows
- VIX: 13.6 — complacency persists; gamma squeeze in mega-cap tech
- 10-Yr Treasury: 4.46% — yield dip on cooler CPI; curve steepens
- USD Index (DXY): 104.1 — softer dollar as yen rally triggers repositioning
Market Watch — June 7, 2026 | Data as of 4:00 PM ET | Full Coverage
Written by James Wright, Economy Correspondent
