US Macro Daily(Beta Mode)
Equities Slide on Rising Fed Hike Bets
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 7,383.74 | -2.64% |
| Nasdaq 100 | 28,957.60 | -4.77% |
| Dow Jones | 50,866.78 | -1.35% |
| Russell 2000 | 2,833.50 | -3.47% |
| USD/JPY | 159.96 | -0.02% |
| EUR/USD | 1.16 | -0.52% |
| GBP/USD | 1.34 | -0.51% |
| Gold | 4,354.20 | +0.39% |
| WTI Crude | 91.26 | +0.80% |
| Bitcoin | 63,654.65 | +0.66% |
| US 2Y Treasury | - | - |
| US 10Y Treasury | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Nonfarm Payrolls | Type: macro_line | Thousands: 1.59e+05 (2026-05-01) | Range: 1.468e+05–1.59e+05 | Trend(6pt): 1.468e+05,1.536e+05,1.567e+05,1.583e+05,1.586e+05,1.59e+05
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Tuesday (2026-06-09) | |||
| ADP Employment Change Weekly | 35,750 | - | 04:15 |
| Exports Level | 320,900m | - | 04:30 |
| Imports Level | 381,200m | - | 04:30 |
| Trade Balance | -60,300m | -55,500m | 04:30 |
| Existing Home Sales | 4.0m | 4.0m | 06:00 |
| Existing Home Sales Month-over-Month | 0.20 | - | 06:00 |
| API Weekly Crude Oil Stocks | -6.8m | - | 12:30 |
| Wednesday (2026-06-10) | |||
| MBA 30-Year Mortgage Rate | 6.57 | - | 03:00 |
- S&P 500 fell 2.64% and Nasdaq 100 dropped 4.77% on profit-taking in tech amid rising rate-hike odds.
- USD Index held near 100.00 as Middle East tensions and strong labor data lifted Fed tightening expectations.
- Existing Home Sales and June CPI releases this week will clarify housing momentum and inflation trajectory.
Yesterday's Recap
US equity markets posted broad losses Friday with the Dow Jones declining 1.35% and Russell 2000 falling 3.47%. The S&P 500 and Nasdaq 100 led the retreat after chip stocks extended their pullback. USD/JPY remained near 159.96 while EUR/USD eased 0.52% to 1.16.
Gold advanced 0.39% to $4,354.20 and WTI Crude rose 0.80% to $91.26 as geopolitical tensions supported energy prices. Bitcoin gained 0.66% to $63,654.65. No major economic data were released on June 7, leaving market moves driven by positioning ahead of the June 9-10 calendar and fresh commentary on policy rates.
The Day Ahead
Markets will focus on the June 9 ADP Employment Change and Trade Balance print at 4:30 ET, followed by Existing Home Sales at 6:00 ET. The June 10 CPI release at 4:30 ET carries high impact, with consensus calling for core inflation at 0.3% month-over-month and 2.9% year-over-year. MBA 30-Year Mortgage Rate data at 3:00 ET on June 10 will provide an early read on borrowing costs.
API crude inventories at 12:30 ET on June 9 may influence energy sentiment. No FOMC speakers are scheduled, keeping attention on incoming data.
Other Economic Notes
The US labor market remains resilient with unemployment at 4.30% as of May. Strong job gains have pushed expectations for the first Fed rate cut to 2027. Housing data due this week will test whether higher mortgage rates are further cooling existing-home turnover.
Inflation prints will be scrutinized against the April 2025 CPI year-over-year reading of 2.31%. Treasury markets stayed quiet with no yield data released in the latest session.
Global Macro News
Middle East tensions helped anchor the USD Index near 100.00 and supported oil prices. International news flow included Electra Battery Materials advancing a US nickel refinery study, though the project remains early-stage. Brazil’s women’s national team faces the United States in São Paulo, with limited direct market impact.
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