Stock Market Update Monday June 9, 2025
- Tom Hason
- Jun 9
- 5 min read
Stock Market Update Monday June 9, 2025 Stocks hovered near unchanged levels on Monday, with the S&P 500 inching up 0.1% in a muted session that allowed the benchmark index to consolidate its recent strong rally. Trading volumes remained light as investors appeared content to hold positions ahead of this week’s key inflation data. Market participants continued to price in exceptionally low volatility in the lead-up to the midweek CPI and PPI releases, though there was a slight uptick in implied volatility as the data approaches. The Nasdaq-100 (QQQ) gained 0.2%, while the small-cap Russell 2000 (IWM) outperformed with a 0.6% advance, reflecting modest risk-on sentiment beneath the surface.
Away From Stocks: Treasury markets saw a partial recovery from Friday’s selloff. The yield on the 2-year note slipped 3 basis points to 4.01%, while the 30-year yield edged down 2 basis points to 4.95%, suggesting a mild bid for duration amid cooling inflation expectations. In commodities, WTI crude maintained its recent upside momentum, climbing toward $65 per barrel amid improving technicals and speculative buying. Gold rose to $3,326 per ounce, benefiting from renewed interest in hard assets. Bitcoin extended its powerful uptrend, rallying to just under $109,000, as crypto markets continued to draw capital inflows. Meanwhile, the VIX edged back above 17, signaling a slight rise in demand for portfolio hedges but still reflecting relatively calm market conditions overall.
Macro News:
June 10
6:00 AM: May Small Biz Optimism
Forecast: 95.8
Actual: 95.8
June 11
8:30 AM: May CPI m/m
Forecast: 0.2
Actual: 0.2
8:30 AM: May Core CPI m/m
Forecast: 0.3
Actual: 0.2
8:30 AM: May CPI y/y
Forecast: 2.5
Actual: 2.3
8:30 AM: May Core CPI y/y
Forecast: 2.9
Actual: 2.8
June 12
8:30 AM: May PPI m/m
Forecast: 0.2
Actual: -0.5
8:30 AM: May Core PPI m/m
Forecast: 0.3
Actual: -0.4
June 13
10:00 AM: Jun P UMich 1yr Inf Exp
Forecast: 6.5
Actual: 6.6
10:00 AM: Jun P UMich Sentiment
Forecast: 53.5
Actual: 52.2
The Big Beautiful Bill Act, a cornerstone of former President Trump’s fiscal agenda, has narrowly cleared the House of Representatives by a razor-thin margin of 215–214 and now advances to the Senate for deliberation. Market observers are closely watching the legislation, given its substantial fiscal implications and the mounting tensions between Trump and Elon Musk, which could undermine Republican unity in the upper chamber.
The Act faces growing resistance from fiscal hawks, many of whom reluctantly backed the measure in the House. Their support now appears fragile amid Musk’s escalating public opposition. Mr. Musk has publicly criticized the bill’s explosive cost structure, pledging to bankroll primary challengers against lawmakers who vote in favor. His stance may provide political cover for fiscally conservative legislators to reverse course.
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