Macro Overview
U.S. equities presented a mixed picture, with the S&P 500 (IVV) declining by 0.31% amid losses in technology stocks. In contrast, international markets fared better, as Developed ex-U.S. (EFA) edged up 0.16% and Emerging Markets (EEM) posted a stronger gain of 0.59%. The bond market saw losses, with the U.S. Aggregate Bond (AGG) falling 0.27% as Treasury yields increased. Broad Commodities (DJP) also retreated by 0.64%, influenced by a drop in crude oil prices following diplomatic progress between the U.S. and Iran.
U.S. Size & Style
A distinct divergence between growth and value styles characterized the U.S. equity market, particularly within the large-cap segment. Large Growth (IVW) fell 0.78%, while its value counterpart, Large Value (IVE), gained 0.20%. Mid-cap stocks showed relative strength, with the S&P MidCap 400 (IJH) advancing 0.38% and outperforming both large and small-cap benchmarks. Small caps were nearly flat, as the S&P SmallCap 600 (IJR) posted a marginal gain of 0.03%.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Large Value (IVE) | 0.20% | -0.14% | 9.62% | 7.78% | 21.20% |
| Large Cap (IVV) | -0.31% | 0.08% | 15.12% | 9.75% | 26.82% |
| Large Growth (IVW) | -0.78% | 0.29% | 20.05% | 11.25% | 31.38% |
| Mid Value (IJJ) | 0.14% | 3.24% | 13.62% | 10.95% | 22.19% |
| Mid Cap (IJH) | 0.38% | 3.75% | 15.77% | 15.81% | 27.53% |
| Mid Growth (IJK) | 0.59% | 4.15% | 17.98% | 20.35% | 32.45% |
| Small Value (IJS) | -0.23% | 3.17% | 16.55% | 17.64% | 39.40% |
| Small Cap (IJR) | 0.03% | 4.58% | 19.34% | 19.75% | 36.74% |
| Small Growth (IJT) | 0.36% | 5.97% | 22.06% | 21.75% | 33.92% |
Explore the U.S. Size & Style Explorer →
U.S. Sectors & Industries
Sector performance was widely dispersed, reflecting a defensive rotation as investors moved away from growth-oriented areas. Communication Services (XLC) was the weakest performer, dropping 2.11% and entering oversold territory with an RSI of 26, followed by a 1.70% decline in Consumer Discretionary (XLY). On the other end of the spectrum, Energy (XLE) led all sectors with a 1.26% gain, rebounding despite lower crude oil prices. Defensive and interest-rate sensitive sectors also found support, with Real Estate (XLRE) and Health Care (XLV) advancing 1.23% and 0.88%, respectively.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| S&P 500 (SPY) | -0.31% | 0.09% | 15.07% | 9.74% | 26.64% |
| Energy (XLE) | 1.26% | -8.48% | -7.61% | 22.56% | 26.31% |
| Real Estate (XLRE) | 1.23% | -0.36% | 10.12% | 10.77% | 9.81% |
| Health Care (XLV) | 0.88% | 0.55% | 4.13% | -2.24% | 15.69% |
| Industrials (XLI) | 0.74% | 6.10% | 13.04% | 17.81% | 29.72% |
| Financials (XLF) | 0.59% | 3.75% | 10.35% | -1.11% | 8.64% |
| Utilities (XLU) | 0.55% | -0.76% | 1.49% | 6.15% | 14.57% |
| Technology (XLK) | 0.49% | 6.65% | 42.37% | 33.79% | 60.86% |
| Materials (XLB) | 0.01% | 3.03% | 10.77% | 14.75% | 22.24% |
| Consumer Staples (XLP) | -0.66% | -2.41% | 2.37% | 7.13% | 4.97% |
| Consumer Discretionary (XLY) | -1.70% | -3.36% | 7.11% | -3.36% | 10.19% |
| Communication Services (XLC) | -2.11% | -7.20% | -4.23% | -8.70% | 5.47% |
Explore the U.S. Sectors & Industries Explorer →
Global Thematic
Thematic ETFs displayed significant divergence, with medical and semiconductor-related funds leading the day’s gains. ALPS Medical Breakthroughs ETF (SBIO) was a top performer, climbing 6.44%, while the Roundhill Memory ETF (DRAM) rose 5.23%. Conversely, cannabis and space exploration themes faced heavy selling pressure. The AdvisorShares Pure US Cannabis ETF (MSOS) fell 6.21%, and the Roundhill Space & Technology ETF (MARS) declined by a similar 6.12%.
| Name (Ticker) | 1-Day |
|---|---|
| Leaders | |
| ALPS Medical Breakthroughs ETF (SBIO) | 6.44% |
| Roundhill Memory ETF (DRAM) | 5.23% |
| Tuttle Capital Pure Play Photonics ETF (FOTO) | 5.03% |
| VistaShares Artificial Intelligence Supercycle ETF (AIS) | 3.32% |
| Corgi Lithography & Semiconductor Photonics ETF (EUV) | 3.08% |
| Laggards | |
| AdvisorShares Pure US Cannabis ETF (MSOS) | -6.21% |
| Roundhill Space & Technology ETF (MARS) | -6.12% |
| Defiance Drone and Modern Warfare ETF (JEDI) | -6.03% |
| Amplify Seymour Cannabis ETF (CNBS) | -5.99% |
| Tema Space Innovators ETF (NASA) | -4.80% |
Explore the Thematic Explorer →
Developed ex-U.S. & Emerging Markets
International markets generally outperformed the U.S., with Emerging Markets (EEM) rising 0.59% and Developed ex-U.S. (EFA) gaining 0.16%. Within developed economies, Japan (EWJ) advanced 0.74% as local indexes hit new records, while France (EWQ) lagged with a 1.31% loss. In the emerging space, Taiwan (EWT) and Brazil (EWZ) were notable gainers, rising 1.40% and 1.60% respectively. South Korea (EWY) was little changed on the day but continues its remarkable run, now up over 125% year-to-date.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Developed Markets ex-U.S. | |||||
| Developed ex-U.S. (EFA) | 0.16% | 2.16% | 13.50% | 10.62% | 25.28% |
| Australia (EWA) | -0.39% | 0.25% | 5.69% | 10.17% | 14.87% |
| Canada (EWC) | 0.03% | -0.60% | 9.30% | 7.84% | 30.12% |
| France (EWQ) | -1.31% | 2.47% | 11.05% | 2.88% | 12.67% |
| Germany (EWG) | 0.05% | -1.27% | 10.90% | -0.32% | 5.02% |
| Hong Kong (EWH) | 0.23% | -7.74% | -2.91% | 1.98% | 17.76% |
| Japan (EWJ) | 0.74% | 6.41% | 20.06% | 20.74% | 40.99% |
| Netherlands (EWN) | -0.24% | 6.75% | 26.22% | 25.11% | 42.77% |
| South Korea (EWY) | -0.08% | 20.32% | 74.13% | 125.28% | 226.87% |
| Switzerland (EWL) | -0.13% | -0.49% | 10.70% | 3.96% | 18.32% |
| U.K. (EWU) | 0.51% | -1.57% | 5.70% | 5.39% | 21.46% |
| Emerging Markets | |||||
| Emerging Markets (EEM) | 0.59% | 8.63% | 28.63% | 30.81% | 56.70% |
| Brazil (EWZ) | 1.60% | -4.87% | -1.32% | 8.90% | 29.53% |
| China (MCHI) | 0.17% | -4.20% | -3.63% | -11.42% | 0.68% |
| India (INDA) | 0.69% | 3.16% | 7.15% | -7.64% | -7.38% |
| Indonesia (EIDO) | -2.25% | -5.52% | -18.20% | -33.86% | -27.31% |
| Malaysia (EWM) | -1.67% | -5.55% | -4.57% | 0.94% | 19.85% |
| Mexico (EWW) | -1.77% | -0.89% | 10.31% | 11.17% | 35.21% |
| South Africa (EZA) | -2.40% | -1.18% | 6.29% | -3.32% | 35.66% |
| Taiwan (EWT) | 1.40% | 15.17% | 59.92% | 75.55% | 112.74% |
| Thailand (THD) | -1.18% | 0.75% | 12.17% | 22.56% | 51.99% |
Explore the Global (ex-U.S.) Size & Style Explorer →
Fixed Income
Fixed income markets broadly declined as rising Treasury yields put pressure on bond prices. The U.S. Aggregate Bond (AGG) fell 0.27%, with longer-duration assets seeing larger drawdowns, evidenced by the 0.68% drop in Long-Term Treasuries (SPTL). Credit-sensitive segments showed more resilience, as High Yield (HYG) slipped just 0.09% and floating-rate Bank Loans (BKLN) finished flat. Preferred Stock (PFF) was a notable underperformer in the space, declining by 1.25%.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Multisector | |||||
| Short-Term (BSV) | -0.12% | 0.11% | 0.44% | 0.21% | 3.24% |
| Core (AGG) | -0.27% | 0.53% | 0.98% | 0.39% | 4.46% |
| Core Enhanced (IUSB) | -0.28% | 0.57% | 1.17% | 0.54% | 4.82% |
| Long-Term (BLV) | -0.55% | 1.61% | 2.39% | 0.81% | 5.47% |
| Government | |||||
| Ultrashort (BIL) | 0.00% | 0.27% | 0.88% | 1.66% | 3.85% |
| Short-Term (SPTS) | -0.10% | 0.12% | 0.39% | 0.41% | 3.09% |
| Intermediate (SPTI) | -0.25% | 0.22% | -0.02% | -0.52% | 2.88% |
| Inflation Protected (TIP) | -0.41% | -0.16% | 0.49% | 0.77% | 3.46% |
| Long-Term (SPTL) | -0.68% | 1.96% | 1.53% | 0.39% | 4.40% |
| Specialty | |||||
| Bank Loans (BKLN) | 0.01% | -0.04% | 1.43% | -0.03% | 4.45% |
| High Yield (HYG) | -0.09% | 0.55% | 2.84% | 1.65% | 6.23% |
| Corporate (SPIB) | -0.12% | 0.37% | 1.15% | 0.46% | 4.70% |
| Convertible (CWB) | -0.14% | 4.66% | 20.50% | 24.56% | 39.19% |
| Mortgage Backed (MBB) | -0.24% | 0.53% | 1.17% | 0.73% | 5.95% |
| Preferred Stock (PFF) | -1.25% | -0.85% | 3.27% | 1.64% | 7.50% |
| International & EM | |||||
| Emerging Local (EMLC) | -0.08% | 1.42% | 4.22% | 1.56% | 9.48% |
| International USD (BNDX) | -0.17% | 0.68% | 1.68% | 1.04% | 2.08% |
| Emerging USD (EMB) | -0.34% | 1.72% | 4.88% | 2.33% | 11.30% |
| International Local (IGOV) | -0.44% | -0.99% | 0.17% | -1.54% | -1.37% |
| Municipals | |||||
| Long-Term (MLN) | 0.23% | 2.41% | 3.14% | 2.53% | 8.80% |
| Short-Term (SUB) | 0.00% | 0.52% | 0.67% | 0.93% | 2.93% |
| Intermediate (MUB) | -0.01% | 1.35% | 2.14% | 1.53% | 6.58% |
| High Yield (HYD) | -0.19% | 1.54% | 3.70% | 2.32% | 7.41% |
Explore the related Explorers: Taxable → · Municipal → · Specialty →
Commodities
The commodities complex faced downward pressure, with the Broad Commodities index (DJP) falling 0.64%. Energy markets led the decline after diplomatic progress in U.S.-Iran talks eased supply concerns, sending WTI Crude (USO) down 1.90%. Precious metals also lost ground, as Gold (GLD) shed 0.65% and Silver (SLV) dropped 1.01%. Agricultural products were mixed, with Corn (CORN) falling over 1% while Soybeans (SOYB) posted a modest gain.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Broad Commodities (DJP) | -0.64% | -9.66% | -5.53% | 18.90% | 24.89% |
| Agriculture | |||||
| Soybeans (SOYB) | 0.29% | -2.87% | 1.08% | 11.34% | 8.71% |
| Broad (DBA) | 0.08% | -3.30% | -0.74% | 4.43% | 4.53% |
| Wheat (WEAT) | -0.83% | -7.33% | -0.44% | 13.92% | -5.21% |
| Corn (CORN) | -1.06% | -8.66% | -10.80% | -5.41% | -8.56% |
| Sugar (CANE) | -1.71% | -7.17% | -12.06% | -5.79% | -16.38% |
| Energy | |||||
| Natural Gas (UNG) | 0.26% | 7.59% | -5.00% | -4.00% | -33.35% |
| Broad (DBE) | -1.50% | -15.70% | -10.96% | 54.94% | 36.08% |
| Brent Crude (BNO) | -1.73% | -21.60% | -18.52% | 52.26% | 30.19% |
| WTI Crude (USO) | -1.90% | -20.03% | -7.20% | 62.94% | 35.58% |
| Industrial Metals | |||||
| Copper (CPER) | -0.13% | -0.28% | 19.97% | 11.01% | 28.13% |
| Broad (DBB) | -0.24% | -2.55% | 12.98% | 10.03% | 37.24% |
| Precious Metals | |||||
| Gold (GLD) | -0.65% | -7.06% | -6.96% | -2.96% | 24.01% |
| Broad (DBP) | -0.69% | -8.76% | -7.04% | -5.02% | 31.30% |
| Silver (SLV) | -1.01% | -13.82% | -4.24% | -8.55% | 80.04% |
| Platinum (PPLT) | -1.24% | -13.11% | -12.88% | -18.58% | 31.58% |
| Palladium (PALL) | -1.46% | -6.65% | -10.56% | -21.28% | 19.34% |
Explore the Commodities Explorer →
Cryptocurrency
Digital assets posted a broad-based recovery, providing a bright spot in an otherwise mixed market. Solana (SOLZ) led the advance with a 4.90% gain, followed by a 2.47% rise in Bitcoin (IBIT). Ethereum (ETHA) also participated in the rally, climbing 1.40%. This daily rebound comes after a period of significant weakness, with most major crypto assets still down more than 14% over the past month.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| XRP (XRP) | -0.70% | -15.17% | -20.89% | -38.16% | — |
| Ethereum (ETHA) | 1.40% | -16.12% | -18.88% | -41.77% | -28.52% |
| Multi-Coin (NCIQ) | 1.79% | -15.18% | -10.99% | -29.97% | -39.42% |
| Bitcoin (IBIT) | 2.47% | -15.04% | -8.22% | -26.49% | -37.79% |
| Solana (SOLZ) | 4.90% | -14.17% | -18.76% | -42.20% | -52.63% |
Explore the Digital Assets Explorer →
What to Watch Today
Looking ahead to Tuesday, market participants will be watching a slate of economic data for fresh insights into the health of the U.S. economy. Key releases include the S&P Global Flash U.S. Manufacturing and Services PMI reports for June, due at 9:45 AM ET, followed by the Richmond Fed Manufacturing Index. On the earnings front, logistics giant FedEx is scheduled to report its results after the market close, providing a key barometer of global economic activity. The U.S. Treasury is also set to hold several auctions, including one for the 2-Year note in the afternoon.
