US Markets Highlights — Sep 6, 2026 | Aivina
September 6, 2026
The S&P 500 and Nasdaq concluded May with gains, then started June on a positive note, largely driven by resilient tech stocks despite daily volatility. Recent US macro data presented a mixed picture, with Q1 GDP growth revised lower and manufacturing activity contracting, signaling a potential economic slowdown. However, the Fed's preferred inflation gauge, the April Core PCE, met expectations, maintaining a steady outlook for interest rates, with a September cut still highly data-dependent.
Highlights
- S&P 500, Nasdaq ended May with gains; tech stocks showed resilience; June started positively.
- US GDP growth revised lower; manufacturing activity contracted; economic slowdown signals persist.
- PCE inflation met expectations; core measure held steady; Fed's preferred gauge watched closely.
Macro Overview
Inflation
April Core PCE rose 0.2% M/M, 2.8% Y/Y, largely meeting expectations, indicating persistent but stable inflation.
Interest Rate Outlook
Fed expected to hold rates in June; September cut probabilities slightly increased due to weaker data, but data dependency remains key.
Risk Sentiment
neutral
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