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Daily Market Commentary

June 4, 2025

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June 4, 2025

Bonds & Stocks
Bond yields fell across curve after data showed hiring decelerated to the slowest pace in two years. The dollar slipped. The S&P 500 edged up.

Economy
Hiring decelerated to the slowest pace in two years as sectors including business services, education and health shed jobs, pointing to a weakened demand for workers. Private-sector payrolls increased by 37,000 last month, according to ADP Research, lower than all estimates in a Bloomberg survey of economists. That marked the second month in a row when the figures were well below expectations.

World
Global equities hit a record high for the first time since February, as signs of a resilient US economy overshadowed uncertainty around trade negotiations. The MSCI All-Country World Index rose as much as 0.3% to 888.24 points, surpassing the previous high of 887.72 hit in February.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.