June 2, 2026

US stock indexes continue their upward trend as economic data remains strong

International

Yesterday in the United States, the ISM's Purchasing Managers' Index (PMI) for May was released. For the manufacturing sector, the index came in at 54 points, marking an improvement over the previous month's 52.7 points and also exceeding estimates of 53 points. A reading above 50 indicates expansion in economic activity, while a reading below 50 indicates contraction.

In this context, the main US stock indices continued their upward trend yesterday. The S&P 500 rose 0.3%, while the Nasdaq advanced 0.4%, and the Dow Jones gained 0.1%. Thus, year-to-date, the indices have accumulated gains of 11.0%, 16.5%, and 6.3%, respectively.

It is worth noting that yesterday the unemployment figures for April in the Eurozone were also released, coming in at 6.3%, up from 6.2% last month, and unchanged according to analysts' consensus. This morning, preliminary inflation data for the Eurozone were also published, showing a year-on-year increase of 3.2% for the headline figure and 2.5% for the core figure, which excludes food and energy. In the latter case, the figure was slightly above the 2.4% estimated by analysts.

Finally, the US Treasury yield curve broadened slightly yesterday. The 1-year bond closed at 3.79%, up from 3.77% previously, while the 3-year bond closed at 4.17%, also exceeding last Friday's 4.14%. Finally, in the 10-year segment, the movement was from 4.44% to 4.45% at yesterday's close.

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