Closing Brief
Jun 05 · 4:30 PM EDT
Markets closed sharply lower amid rising fear as AI-related stocks plunged and defensive sectors outperformed. The megacap portfolio remains behind the broader market this month, while volatility surged alongside climbing yields and a stronger dollar.
Market Snapshot›
| Index | Price | Change |
|---|---|---|
| S&P 500 | 7,383.74 | -2.64% |
| Dow Jones | 50,866.78 | -1.35% |
| Nasdaq | 25,709.43 | -4.18% |
| Russell 2000 | 2,833.50 | -3.47% |
| VIX | 21.57 | +40.06% |
Sentiment:Fear (42)-18 from last week
Sector Performance
Leaders
Cons. Staples+1.71%
Utilities+0.93%
Real Estate+0.68%
Laggards
Technology-6.66%
Cons. Disc.-2.05%
Materials-1.92%
Cross-Asset Moves
10Y Yield
4.54%
+0.06
Gold
$4,341.00
-3.01%
Oil (WTI)
$90.30
-2.94%
Bitcoin
$60,903.57
-4.54%
USD Index
100.08
+0.68%
HYG
$79.43
-0.50%
Signal Performance
Megacap Portfolio (2026-06 month-to-date)View signals ›
-6.2% portfolio-2.5% SPY
Current Headlines
- Global oil inventories depleted, next price spike could roil economies, marketsReuters
- As AI-related stocks dive, the market's winners have one thing in commonCNBC
- Trump wants Bill Pulte to fire big chunk of national intelligence office staff: WSJCNBC
- Jim Cramer's top 10 things to watch in the stock market FridayCNBC
- Broadway's $1.9 billion season is the latest sign of consumers splurging on experiencesCNBC
Today's Events
Economic Calendar ›
| Event | Forecast | Previous |
|---|---|---|
| Average Hourly Earnings (MoM) (May) | 0.3% | 0.2% |
| Average Hourly Earnings (YoY) (YoY) (May) | 3.4% | 3.6% |
| Nonfarm Payrolls (May) | 85K | 179K |
| Participation Rate (May) | — | 61.8% |
| Private Nonfarm Payrolls (May) | 85K | 177K |
Tomorrow's focus will be on the May employment data, including nonfarm payrolls and average hourly earnings, which could further influence market direction.
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