Your Weekly Update for Monday, June 1, 2026.
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Bill Roller
NMLS #107972
CHARTERED FINANCIAL ANALYST
CERTIFIED FINANCIAL PLANNERTM
CHARTERED MARKET TECHNICIAN
bill.roller@beaconrwa.com
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Summary
Markets were UP last week. The Dow Jones Industrial Average was UP 0.90% to 51,032.46 while the S&P500 ended UP 1.43% to 7,580.06. The Nasdaq Composite ROSE 2.89% to 26,972.62. The annual yield on the 30-year Treasury FELL 7.1 basis point(s) to 4.993%.
Last Week
The stock market ended a productive week on a record-setting note, with the S&P 500 (+0.2%), Nasdaq Composite (+0.2%), and DJIA (+0.8%) all setting fresh record intraday and closing highs.
Leadership was narrow, with only the information technology (+1.9%) and financials (+0.6%) sectors finishing higher, though the tech rally was enough to offset broader weakness.
There was a strong earnings component to the gains, as Dell (DELL 421.30, +104.25, +32.88%) and NetApp (NTAP 174.29, +31.89, +22.39%) rocketed higher after topping expectations, bringing along other hardware names such as Hewlett Packard Enterprise (HPE 43.06, +4.85, +12.69%).
Elsewhere in the sector, software names posted solid gains of their own, sending the iShares GS Software ETF 6.3% higher. ServiceNow (NOW 124.37, +15.64, +14.38%) and Oracle (ORCL 225.81, +22.11, +10.85%) notched double-digit gains, while Microsoft (MSFT 450.24, +23.25, +5.45%) was a mega-cap standout for the second consecutive day.
Notably, semiconductor strength was mixed today, with the PHLX Semiconductor Index finishing flat.
The financials sector was the only other S&P 500 sector that traded higher, supported by strength across major banking names and a sharp gain in Robinhood Markets (HOOD 94.30, +9.46, +11.15%) after the company announced the official Trump Accounts app is now available for download.
Meanwhile, the consumer staples sector (-2.0%) finished with the widest loss, with Costco (COST 956.32, -38.88, -3.91%) disappointing investors after posting a mixed earnings report, while shares of Clorox (CLX 90.02, -6.18, -6.42%) plummeted after the company announced that CEO Linda Rendle would step down for health reasons.
Weakness across mega-cap stocks outside of the technology sector weighed on the communication services (-1.7%) and consumer discretionary (-1.1%) sectors, while the energy sector (-1.1%) finished lower as oil prices retreated.
Crude oil futures settled today’s session $1.50 lower (-1.7%) at $87.42 per barrel amid optimism around a U.S.-Iran peace agreement. President Trump said on Truth Social earlier in the day that he was in a meeting in the Situation Room to finalize a decision regarding the memorandum of understanding that would extend the ceasefire and outline the next steps for nuclear negotiations, but the meeting concluded without a decision being announced.
Overall, today’s session reinforced the market’s strong upward momentum, even as participation remained relatively narrow beneath the surface. Continued leadership from technology and software stocks, combined with easing oil prices and optimism surrounding a potential U.S.-Iran agreement, helped push the major averages to another round of record highs heading into the weekend.
U.S. Treasuries finished the week on a mostly higher note, though a slight dip in the long bond prevented the complex from recording a perfect week. The 2-year note yield settled downone basis point to 4.01% (-11 basis points this week), and the 10-year note yield finished unchanged at 4.45% (-11 basis points this week).
- Russell 2000: +17.6% YTD
- Nasdaq Composite: +16.1% YTD
- S&P Mid Cap 400: +12.7% YTD
- S&P 500: +10.7% YTD
- DJIA: +6.2% YTD
Reviewing Friday’s data:
- May Chicago PMI expanded to 62.7 (Briefing.com consensus 49.5), from the prior reading of 49.2.
- Advance International Trade in Goods decreased to -$82.4 billion, from an upwardly revised prior level of -$85.3 billion (from -$87.9 billion).
- Advance Wholesale Inventories increased 0.5%, from an upwardly revised prior increase of 1.5% (from 1.3%).
- Advance retail inventories increased 0.7%, from a prior increase of 0.7%.
This Week
S&P futures vs fair value: +21.00. Nasdaq futures vs fair value: +63.00.
Equity futures point to a higher opening this morning as stocks look to add to their recent gains that saw the major averages close at record highs on Friday, marking the ninth consecutive winning week for the S&P 500.
The premarket gains come despite a request from President Trump to amend the deal with Iran, as he has asked for stronger language around Iran’s nuclear material. President Trump’s request started another round of negotiations, which could last several more days, according to Axios.
Crude oil is currently up $3.04 (+3.5%) to $90.41 per barrel, and Treasuries are modestly higher across the curve. Still, the premarket strength in the stock market indicates that the market does not expect the latest developments to push back expectations for a peace agreement in the near-term.
Futures are also getting a boost from NVIDIA (NVDA 215.99, +4.85, +2.3%), which trades higher in the premarket after announcing the company will expand into personal computer processors.
In corporate news:
- Dell (DELL 50, +4.59, +1.1%) introduced a redesigned XPS 13 laptop to compete with Apple (AAPL 309.52, -2.54, -0.8%), according to Bloomberg.
- NVIDIA (NVDA 99, +4.85, +2.3%) announced at Taiwan’s Computex conference that the company will produce main processors for personal computers.
- Taylor Morrison Home (TMHC75, +13.25, +22.7%) is set to be acquired byBerkshire Hathaway (BRK.B 473.39, -1.09, -0.2%) for $72.50 per share.
Reviewing overnight developments:
Equity indices in the Asia-Pacific region began the week on a mixed note with Japan’s Nikkei (+0.9%) and South Korea’s Kospi (+3.7%) setting fresh record highs. Japan’s Nikkei: +0.9%, Hong Kong’s Hang Seng: +0.9%, China’s Shanghai Composite: -0.3%, India’s Sensex: -0.7%, South Korea’s Kospi: +3.7%, Australia’s ASX All Ordinaries: +0.1%.
In news:
- Japan reported much weaker than expected capital spending for Q1, fueling speculation that Q1 GDP reading will be revised down, though the market continues expecting a rate hike from the Bank of Japan in the near future.
- China’s official PMI readings for May essentially reflected a standstill in activity while Australia’s Manufacturing PMI expanded for the second consecutive month and Japan’s reading expanded for the fifth month in a row.
In economic data:
- China’s May Manufacturing PMI 50.0 (expected 50.2; last 50.3) and Non-Manufacturing PMI 50.1 (expected 49.5; last 49.4). RatingDog Manufacturing PMI 51.8 (expected 51.4; last 52.2)
- Japan’s Q1 Capital Spending 0.0% qtr/qtr (expected 4.1%; last 6.5%). May Manufacturing PMI 54.5, as expected (last 55.1)
- South Korea’s May trade surplus $26.95 bln (expected surplus of $24.30 bln; last surplus of $23.76 bln). May Imports 20.8% yr/yr (expected 21.5%; last 16.7%) and Exports 53.2% yr/yr (expected 48.4%; last 48.0%). May Manufacturing PMI 54.8 (last 53.6)
- Australia’s May Manufacturing PMI 50.7 (expected 50.2; last 51.3). May MI Inflation Gauge -0.3% m/m (last 0.6%) and May ANZ Job Advertisements 1.8% m/m (last -0.6%). May Commodity Prices 16.8% yr/yr (last 15.1%)
- India’s May Manufacturing PMI 55.0 (expected 54.3; last 54.7)
Major European indices trade on a mostly lower note while Germany’s DAX (+0.3%) outperforms with technology stocks contributing to the outperformance. STOXX Europe 600: -0.2%, Germany’s DAX: +0.3%, U.K.’s FTSE 100: -0.2%, France’s CAC 40: UNCH, Italy’s FTSE MIB: -0.1%, Spain’s IBEX 35: -0.3%.
In news:
- Final May Manufacturing PMI readings from the region showed minimal expansion in Germany’s reading (50.1) while the U.K.’s reading (53.9) recorded a four-year high.
- European Central Bank policymaker Schnabel lamented high energy prices while policymaker Pereira repeated that the central bank should act sooner rather than later, contributing to speculation that a rate hike will be announced this month.
In economic data:
- Eurozone’s May Manufacturing PMI 51.6 (expected 51.4; last 52.2). April Unemployment Rate 6.3% (expected 6.2%; last 6.3%). April Private Sector Loans 3.0% yr/yr, as expected (last 3.0%), and loans to nonfinancials 3.4% yr/yr (expected 3.1%; last 3.2%)
- Germany’s April Retail Sales -0.3% m/m (expected -0.4%; last -0.3%); -0.3% yr/yr (last 2.7%). May Manufacturing PMI 50.1 (expected 49.9; last 51.4)
- K.’s May Nationwide HPI -0.6% m/m (expected -0.1%; last 0.4%); 1.7% yr/yr (last 3.0%). May Manufacturing PMI 53.9 (expected 53.7; last 53.7)
- France’s May Manufacturing PMI 49.7 (expected 48.9; last 52.8)
- Italy’s May Manufacturing PMI 52.9 (expected 52.0; last 52.1)
- Spain’s May Manufacturing PMI 51.2 (expected 53.7; last 51.7)
- Swiss Q1 GDP 0.7% qtr/qtr (expected 0.5%; last 0.2%); 0.5% yr/yr (last 1.0%). April Retail Sales 1.6% yr/yr (expected 0.2%; last 1.3%). May Manufacturing PMI 57.3 (expected 54.0; last 54.5)
Mortgage Rates
“The 30-year fixed-rate mortgage averaged 6.53% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Pending home sales have increased three months in a row, indicating there’s latent demand and homebuyers are ready to jump back into the market if mortgage rates decline.”
The 30-year FRM averaged 6.53% as of May 28, 2026, up from last week when it averaged 6.51%. A year ago at this time, the 30-year FRM averaged 6.89%.
The 15-year FRM averaged 5.87%, up from last week when it averaged 5.85%. A year ago at this time, the 15-year FRM averaged 6.03%.
Selected Cryptocurrencies
| Symbol | Name | Price | 24h % | 7d % | Market Cap | Volume(24h) |
| BTC | Bitcoin | $72,559.35 | -1.74% | -6.19% | $1,453,845,818,391 | $24,325,385,614 |
| ETH | Ethereum | $1,980.81 | -1.92% | -6.29% | $239,055,380,197 | $13,830,071,518 |
| BNB | BNB | $700.64 | -2.92% | -5.99% | $94,436,292,673 | $3,321,199,799 |
| XRP | XRP | $1.30 | -2.68% | 3.94% | $80,829,731,462 | $1,666,545,294 |
| SOL | Solana | $81.04 | -1.99% | -5.58% | $46,891,683,484 | $2,661,140,349 |
| TRX | TRON | $0.35 | 0.33% | -4.33% | $33,179,405,861 | $667,951,915 |
| HYPE | Hyperliquid | $73.35 | 8.25% | 16.78% | $18,618,491,071 | $1,636,593,346 |
| DOGE | Dogecoin | $0.10 | -0.59% | -2.60% | $15,453,763,831 | $780,500,428 |
| LEO | UNUS SED LEO | $9.99 | -0.70% | -0.64% | $9,199,456,192 | $716,097 |
| ZEC | Zcash | $545.43 | -0.15% | -17.61% | $9,110,422,342 | $825,317,077 |
| XLM | Stellar | $0.26 | 2.44% | 73.34% | $8,865,905,473 | $1,542,754,373 |
| ADA | Cardano | $0.23 | -2.27% | -5.62% | $8,385,806,523 | $373,410,211 |
| XMR | Monero | $368.93 | 2.16% | -5.68% | $6,805,678,040 | $107,585,522 |
| LINK | Chainlink | $9.02 | -1.80% | -5.46% | $6,562,596,941 | $302,566,171 |
| CC | Canton | $0.15 | -0.01% | -7.05% | $5,979,787,593 | $14,748,742 |
| BCH | Bitcoin Cash | $283.81 | -6.79% | -18.99% | $5,688,172,741 | $229,187,275 |
| TON | Toncoin | $1.93 | 2.55% | 7.66% | $5,147,165,339 | $345,589,292 |
Data as of 4:20 AM PDT, Monday, June 1, 2026. Source: https://coinmarketcap.com
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Sources: Bill Roller, BR Capital, Inc. dba Beacon Rock Wealth Advisors American Association for Individual Investors (AAII), Associated Press, Barclays Capital, Bloomberg, Briefing.com, Citigroup, Deutsche Bank, FactSet, Financial Times, Goldman Sachs, JPMorgan Asset Management, MarketfieldAsset Management, Morgan Stanley, MSCI, Morningstar, Northern Trust, Oppenheimer Funds, PIMCO, Standard & Poor’s, StockCharts.com, The Conference Board, Thomson Reuters, T. Rowe Price, U.S. Bureau of Economic Analysis, U.S. Federal Reserve, Wall Street Journal, The Washington Post. Index performance is shown as total return, which includes dividends, with the exception of MSCI-EM, which is quoted as price return/excluding dividends. Performance for the MSCI-EAFE and MSCI-EM indexes is quoted in U.S. Dollar investor terms.
The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product BR Capital, Inc. dba Beacon Rock Wealth Advisors is a registered investment advisor.
Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development.