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Today's Market
June 6, 2025 at 5:30 p.m. EST
Last week the month of May was officially put in the books with the S&P 500 up 6.2% and back in positive territory YTD. The week ended with some uncertainty injected back into the trade situation with the international trade court decision, the administration expressing further displeasure with China suggesting that it had not followed through on its Geneva obligations and then after the close on Friday President Trump doubled tariffs on steel and aluminum, which fall under section 232 (not IEEPA). An increase in geopolitical risk over the weekend and the tariff headlines kicked off a rally in commodity markets. However, equities started the week modestly lower though that weakness only lasted about 30 minutes. The release of the first of this week’s economic data marked the low and major indices continued to grind higher throughout the week, ending on a high note after a solid jobs report today.
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