How Major US Stock Indexes Fared Tuesday 6/2/2026
The Shiller P/E ratio reached 42.78 as major indexes eased and Bitcoin dropped $2,319.37, underscoring stretched valuations and risk aversion.
- Stocks slipped from record highs as the Shiller P/E Ratio hit 42.78, its second-highest level since 1999. Bitcoin declined $2,319.37 to $68,995.05.
- The Dow Jones previously rallied about 300% between 1923 and 1929, fueling historical concerns regarding unsustainable growth as current metrics mirror 1999 levels.
- Following recent record closes, The SPDR dropped 0.18% and The Dow fell 0.41%, while The Nasdaq Composite eked out a gain of 0.03%.
- Meghan Shue, head of investment strategy at Wilmington Trust, noted the market may face a "summer lull" after strong earnings season, with trading activity potentially slowing.
- Medtronic and Macy will report earnings before Wednesday's opening bell, while analysts suggest preparing for volatility using the ProShares Ultra VIX Short-Term Futures ETF.
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12 Articles
Associated Press News
How major US stock indexes fared Tuesday 6/2/2026
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