Stock Market Update Friday June 6, 2025
- Tom Hason
- Jun 6
- 4 min read
Updated: Jun 6
Stock Market Update Friday June 6, 2025 Markets Rally as Jobs Data Sparks Risk-On Sentiment Equity markets opened sharply higher this morning following a slightly better-than-expected non-farm payrolls print, triggering a broad-based risk-on rally that held throughout the session. The S&P 500 (SPX) gained 1.0%, the Nasdaq-100 (QQQ) advanced 1.0%, and the Russell 2000 (IWM) outperformed with a 1.7% surge, reflecting renewed appetite for cyclical and small-cap exposure.
Away From Stocks: The risk-on tone reverberated across asset classes. Treasurys experienced widespread selling pressure, with yields climbing at both ends of the curve. The 2-year yield rose 12 basis points to 4.04%, while the 30-year yield increased 8 basis points to 4.97%, signaling a recalibration of rate expectations. In commodities, WTI crude oil rallied 2%, nearing $65 per barrel, reflecting optimism around economic activity. Meanwhile, gold softened to $3,312 per ounce, while Bitcoin rebounded strongly to $104,400, continuing its volatile trajectory. The U.S. Dollar Index (DXY) reclaimed the 99 handle, indicating a renewed bid for the greenback. Volatility, as measured by the VIX, declined to 16.80, its lowest level since February, reinforcing the market’s bullish sentiment.
Labor Market Outlook: Mixed Signals, but Resilience Prevails While prior months' job gains were revised lower and household employment declined by nearly 700,000, today's headline payroll increase of 139,000 helped stabilize sentiment. Additionally, signs of easing labor
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