{"id":431427,"date":"2026-06-04T04:40:05","date_gmt":"2026-06-03T21:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-americas-market-news-wrap-dollar-firms-as-war-angst-creeps-in\/"},"modified":"2026-06-04T04:40:05","modified_gmt":"2026-06-03T21:40:05","slug":"investinglive-americas-market-news-wrap-dollar-firms-as-war-angst-creeps-in","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-americas-market-news-wrap-dollar-firms-as-war-angst-creeps-in\/","title":{"rendered":"investingLive Americas market news wrap: Dollar firms as war angst creeps in"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/may-ism-services-index-545-vs-538-expected-20260603\/\">May ISM services index 54.5 vs 53.8 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-may-adp-employment-data-122k-vs-117k-expected-20260603\/\">US May ADP employment data +122K vs +117K expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iran-foreign-minister-contact-with-the-us-has-not-been-severed-but-no-progress-made-20260603\/\">Iran foreign minister: Contact with the US has not been severed but no progress made<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iran-targeted-a-us-military-ship-in-the-gulf-of-oman-report-20260603\/\">Iran targeted a US military ship in the Gulf of Oman &#8211; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/feds-beige-book-continues-to-see-slight-to-moderate-us-growth-20260603\/\">Fed&#8217;s Beige Book continues to see slight-to-moderate US growth<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/geopolitical-news-china-iran-nato-and-chip-shortage-20260603\/\">Geopolitical news: China, Iran, NATO, and chip shortage<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-eia-weekly-crude-oil-inventories-7974k-vs-4007k-expected-20260603\/\">US EIA weekly crude oil inventories -7974K vs -4007K expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/netanyahu-lebanon-has-been-taken-over-by-hezbollah-20260603\/\">Netanyahu: Lebanon has been taken over by Hezbollah<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/feds-williams-im-not-that-worried-about-persistent-impacts-on-inflation-so-far-20260603\/\">Fed&#8217;s Williams: I&#8217;m not that worried about persistent impacts on inflation so far<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-factory-orders-for-april-48-versus-46-estimate-20260603\/\">US factory orders for April 4.8% versus 4.6% estimate<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/may-us-sp-global-services-pmi-507-vs-509-prelim-20260603\/\">May US S&amp;P Global services PMI 50.7 vs 50.9 prelim<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-q1-labour-productivity-falls-05-20260603\/\">Canada Q1 labour productivity falls 0.5%<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Gold down $41 to $4444<\/li>\n<li>US 10-yuear yields up 3.4 bps to 4.49%<\/li>\n<li>WTI crude oil up $2.27 to $96.03<\/li>\n<li>S&amp;P 500 down 0.6%<\/li>\n<li>Nasdaq Comp down 0.8%<\/li>\n<li>USD leads, NZD lags<\/li>\n<\/ul>\n<p>The dollar moves were substantial on Wednesday in a worrisome sign of geopolitical risk as oil rose another 2.5%. The reports of an imminent deal between the US and Iran have dried up and there&#8217;s a sense we are at a turning point in the war as patience wears thin. In particular focus is USD\/JPY as it rose above 160.00 and into the range where Japan will be tempted to intervene.<\/p>\n<p>Elsewhere, oil prices chopped around and hit $97 before fading to $94.40 and then rising back to $96.17.The bond market has started to notice rising oil as yields ticked higher.<\/p>\n<p>Outside of Iran-driven news, the AI trade showed a bit less resilience than usual. There were some attempts to drag stock markets higher but it was Nvidia that struggled, falling 3.6% in a continuation of yesterday&#8217;s reversal. We also saw a big swing lower in software stocks, where were a main catalyst in the May rally. The IGV software ETF was down 4.3%.<\/p>\n<p>Alphabet shares also fell to the lowest since April in a 0.8% decline in the fourth day of losses; Microsoft was down 3.2%. On the flipside, Meta was up 4.2% on upgrades. The meme-like rally in MRVL after Jensen Huang said it will be the next trillion dollar compay continued in early trade but stumbled later and it finished up 3.7%.<\/p>\n<p>Precious metals and crypto were under pressure in a sign of the deleveraging trade. Bitcoin is nearing $65,000 and threatening the late-March lows.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>May ISM services index 54.5 vs 53.8 expected US May ADP employment data +122K vs +117K expected Iran foreign minister: Contact with the US has not been severed but no progress made Iran targeted a US military ship in the Gulf of Oman &#8211; report Fed&#8217;s Beige Book continues to see slight-to-moderate US growth Geopolitical [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-431427","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=431427"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431427\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}