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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
6/1/2026
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Technology companies now represent roughly 52% of the S&P 500 when Alphabet, Amazon, Meta, and Tesla are included. Healthcare, meanwhile, has decreased from 14.2% of the index in 2020 to just 8.3% today. *1
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Historically, investors could diversify away from technology by looking overseas. Today, that is harder: 28% of the index is now concentrated in just three semiconductor firms: Taiwan Semiconductor, Samsung Electronics, and SK Hynix. 2
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The S&P 500 has historically averaged a 2.6% gain between Memorial Day and Labor Day over the last 50 years, with positive returns 74% of the time. Over the last decade, summer performance has been even stronger, averaging a 6.0% gain with positive returns in 90% of years. *3
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SpaceX filed paperwork for an $80 billion IPO, which would be the largest in history, surpassing Saudi Aramco's $25.6 billion IPO in 2019 and exceeding the combined proceeds of the prior three largest IPOs. *3
- Yahoo Finance – "If It Walks Like a Bubble and Quacks Like a Bubble, Then It's Probably a Bubble"
- WSJ – "Emerging Markets Won't Protect You from AI Mania"
- MFS – "Beyond the News"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
S&P final U.S. manufacturing PMI (May), ISM manufacturing (May), Construction spending (Apr), Kashkari speech, Auto sales (May)
Tuesday:
Hammack speech, Job openings (Apr)
Wednesday:
ADP employment (May), Barr speech, S&P final U.S. services PMI (May), Factory orders (Apr), ISM services (May), Fed Beige Book
Thursday:
Initial jobless claims (May 30), U.S. productivity (Q1), Barkin speech
Friday:
U.S. employment report (May), U.S. unemployment rate (May), U.S. hourly wages (May), Hourly wages year over year (May), Consumer credit (Apr)
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US Markets*
S&P 7,574.63 -0.07%
DOW 50,831.20 -0.39%
NASDAQ 26,979.12
+0.02%
World Markets*
FTSE 10,307.84
-0.98%
NIKKEI 66,934.33 +0.91%
HANG SENG 25,398.18 +0.86%
*values as of 10:50am EST 6/1/2026
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Treasuries*
2 YR 4.086%
10YR 4.512%
30 YR 5.023%
Cryptocurrencies*
BTC-USD
71,270.65
-3.03%
ETH.CM
1,961.71
-2.17%
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Currencies*
Euro $1.1620
Pound $0.7445
Yen $159.7180
Commodities*
Gold 4,485.90
-2.33%
WTI Crude 94.44 +8.10%
Silver 74.63
-1.65%
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Upcoming Earnings Calls
Monday - HPE, WDS, CRDO, TCOM, UEC
Tuesday - PANW, CCEP, DG, ULTA, DCI
Wednesday - AVGO, CRWD, MDT, FER, EC
Thursday - CIEN, IOT, PL, RBRK, LULU
Friday - SBSW, ABM, GILL, GDEV, BHM
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Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.
Glen Eagle Wealth, LLC is a member FINRA and SIPC
This desk commentary is for informational purposes only
Carol Ann Fernandez
Rob Michel
Grier Vacek
Glen Eagle Wealth, LLC
4422C Route 27
PO Box 399
Kingston, NJ 08528
(609) 631-8231
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