Skip to main content

Daily Wrap-Up: Okay Start to the Month | June 2, 2025

By March 28th, 2026General Articles2 min read

The S&P 500 index futures opened June with a scrappy session, staying within last week’s range during Monday’s session as the bulls fought it out with the bears.

Overnight, the index slid until bulls planted their flag above Friday’s low, hitting a bottom at 5867.50. The regular session kicked off near 5900, with bulls charging past the premarket high to test unchanged. Bears struck back as a slightly softer-than-expected S&P Global Manufacturing PMI for May dropped, and were possibly amplified by reports of Europe speeding up retaliatory tariffs. The dip tested the premarket low, but bulls regrouped, clawing back to unchanged and pushing green by afternoon. 

A last-minute buying wave lifted the index to close at 5947.25, up 31.25 handles, with after-hours trading peaking at 5955.50.

Tuesday is set to offer some more fedspeak and a sprinkle of earnings to watch. 

Among the index’s heavyweights, Meta Platforms Inc (NASDAQ: META) led the pack, soaring $23.41, or 3.62%, to $670.90.

That gain smoked the cash index’s 0.56% rise by over six times.

Conversely, Alphabet Inc (NASDAQ: GOOGL) took the biggest hit, dropping $2.71, or 1.58%, to $169.03.