The Day Ahead North America

Daily UpdateEquitiesRates Govt BondsCommoditiesEnergyFinancials

U.S. equity markets declined as tech shares retreated amid ongoing geopolitical tensions and anticipation of upcoming inflation data. Investors are closely monitoring potential Fed rate hikes following a robust jobs report.

Key Takeaways

  • 1.S&P 500 and Nasdaq fell as tech rebounds faded amid geopolitical tensions between Israel and Iran.
  • 2.Treasury yields dipped while investors awaited key May U.S. inflation data to assess Fed interest rate paths.
  • 3.SpaceX IPO demand significantly oversubscribed with interest exceeding $250 billion.

Table of Contents

  • Market Recap
  • Coming Up
  • Key Economic Events
  • Market Monitor
  • Top News
  • Insight and Analysis
  • Market Monitor
  • Coming Up
  • Top News
  • Wealth News

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Authors

Ashitha Salus

Securities

S&P 500SpaceXAmazonJ.M. Smucker Co

Themes

Geopolitical risk (Israel-Iran conflict)Inflation expectationsAI Infrastructure Investment

Regions

North AmericaUnited StatesCanadaIsrael