June 23, 2026

The week begins with mixed performance across stock indices, and the S&P 500 is down 0.4%

International

The major U.S. stock indices posted mixed results during yesterday’s trading session, Monday. The S&P 500 fell by -0.4%, while the Nasdaq posted the largest decline, at -1.3%. The Dow Jones, however, was the exception, rising +0.3% yesterday. As a result, the indices are up +9.1%, +12.6%, and +7.6% year-to-date, respectively.

Meanwhile, the U.S. Treasury yield curve widened across the board during yesterday's trading session. Specifically, the 1-year bond moved from 3.97% to 4.02%, while the 3-year bond moved from 4.19% to 4.25%. Finally, for the 10-year bond, the yield rose from 4.45% to 4.51%.

Finally, preliminary data on the Eurozone’s Purchasing Managers’ Index (PMI) for June were released this morning. The services index stood at 48.9 points, above the 48.6 points expected by the consensus of analysts and also above the 47.7 points recorded the previous month, although it remains below the 50-point threshold, which marks an expansion of activity. Meanwhile, the manufacturing index stood at 51.3 points, below both estimates and the previous reading—both of which were 51.6 points—though it remains in expansionary territory.