SPX: S&P 500 Ticks Up 0.4% to Start June Trading as Investors Push Through Tariff Jitters

Nasdaq Composite did even better, climbing 0.7% as tech shares did most of the heavy lifting on Monday.

📈 Stocks Start June with Gentle Climb

• The S&P 500 (SPX) ticked up 0.4% on Monday, notching a calm but confident start to the new month. After early losses sparked by lingering tariff uncertainty, buyers stepped in late to lift the index near its session highs and kept it there until the closing bell.
• The Nasdaq Composite IXIC outpaced its peers, climbing 0.7% as tech shares flexed their muscle. It was a strong showing for the sector that led May’s rally and appears ready to lead again. The Dow Jones DJI was the laggard of the group, up a mere 35 points, or 0.1%.

🛒 What’s Behind the Upside Swing?

• Despite cautious headlines on global trade, especially around a rekindling of the US-China trade war, the broader market stayed resilient — a sign investors are more focused on upcoming data than presidential threats.
• Or, traders might be thinking that Trump is all bark and no bite — after all, he’s walked back every big tariff threat either with a tariff reduction or a delay that will open up the floor to negotiations.
• On the economic news front, the eurozone delivers its inflation data later today. US private jobs come tomorrow, followed by a rate decision by the ECB on Thursday. And Friday is reserved for the big data dump — nonfarm payrolls.

💫 Meta Steals the Show

• Meta stock META led the upside swing, driving the S&P 500 and the Nasdaq higher. Zuckerberg’s social media empire rallied 3.6% after the Wall Street Journal reported the company was doubling down on AI.
• As per the report, Meta is planning to let advertisers create and target ads by using artificial intelligence tools from start to finish. To investors, this move indicated that Meta could be gaining a new edge in digital advertising (much to the dislike of ad agencies).