Correction and editorial revision — 23 October 2026: This retrospective replaces the earlier mixed-time narrative with dated provider observations. The original tariff-event and market-impact claims cannot be reconstructed from retained source material. The earlier causal explanations and trading implications are withdrawn; their removal is not a finding that every cited event was false. The original input file is unavailable. The cutoff below is the calendar day before the original publication date, selected for this reconstruction; it is not a claim about what was known when the original article was written.
This archive review uses observations available in the retrieved daily history on or before 2026-06-02. Each market has its own closing time. The question is: What Do US Benchmarks Show Without a Tariff Attribution?
The measured comparison
The S&P 500 moved from 7,599.96 on 2026-06-01 to 7,609.78 on 2026-06-02, or +0.13%. The Nasdaq returned +0.03% over 2026-06-01–2026-06-02. Subtracting the S&P return from the Nasdaq return gives -0.10 percentage points of relative daily performance. S&P 500 history; Nasdaq Composite history.
Across their respective five-observation intervals, the S&P 500 returned +1.21% and the Nasdaq returned +1.64%. Index-level returns do not show short interest, corporate margins, the sector contribution or the effect of a specific policy announcement. No prediction that the rally must persist or reverse follows from these calculations.
Reproducing the longer comparison
For Nasdaq Composite, the five-interval baseline is 26,656.18 on 2026-05-26; the endpoint is 27,093.90 on 2026-06-02. The calculation is (endpoint ÷ baseline − 1) × 100 = +1.64%. This uses the endpoints directly rather than adding rounded daily percentages. Five observations need not correspond to one calendar week when a market is closed.
Source-linked daily observations
| Series | Previous date | Previous value | Date | Value | Change | Time zone |
|---|---|---|---|---|---|---|
| KOSPI (^KS11) | 2026-06-01 | 8,788.38 | 2026-06-02 | 8,801.49 | +0.15% | Asia/Seoul |
| S&P 500 (^GSPC) | 2026-06-01 | 7,599.96 | 2026-06-02 | 7,609.78 | +0.13% | America/New_York |
| Nasdaq Composite (^IXIC) | 2026-06-01 | 27,086.81 | 2026-06-02 | 27,093.90 | +0.03% | America/New_York |
| US 10-year yield proxy (^TNX) | 2026-06-01 | 4.475 | 2026-06-02 | 4.455 | -2.0 bp | America/Chicago |
| WTI futures (CL=F) | 2026-06-01 | 92.16 | 2026-06-02 | 93.76 | +1.74% | America/New_York |
| Gold futures (GC=F) | 2026-06-01 | 4,506.30 | 2026-06-02 | 4,519.90 | +0.30% | America/New_York |
| USD/KRW (USDKRW=X) | 2026-06-01 | 1,506.84 | 2026-06-02 | 1,511.27 | +0.29% | Europe/London |
| USD/JPY (USDJPY=X) | 2026-06-01 | 159.35 | 2026-06-02 | 159.64 | +0.18% | Europe/London |
| VIX (^VIX) | 2026-06-01 | 16.05 | 2026-06-02 | 15.77 | -1.74% | America/Chicago |
Scope and limitations
Returns are calculated before rounding from Yahoo Finance daily history, not independently verified exchange settlement records. Index values are in points; the yield proxy is quoted in percent; currency quotes are local units per US dollar; gold and WTI futures are dollars per ounce and barrel. Futures-series changes can reflect contract rolls and are not a continuously held contract’s investment return. These are retrospective observations, not live prices or a reconstruction of every intraday quote available to the original author.
For the underlying method, see the trading-session and return guide. This page retains its original address for correction transparency. The title and text now reflect the narrower evidence available; the old URL wording should not be treated as a current claim. No trading instruction is retained.
