Market Pulse — June 9, 2026: Futures Stabilize as Yields, Oil, and CPI Setup Drive the Tape

U.S. equity futures are starting Tuesday with a constructive but still selective tone. The overnight tape is being pulled between three forces: a rebound attempt in index futures, firmer Treasury yields after last week’s labor data, and crude oil backing off its highs as geopolitical risk premium cools. That combination keeps the plan simple: respect the upside attempt while staying aware that the market is still trading inside a data-sensitive week with CPI tomorrow and PPI Thursday.

What You Need To Know

S&P 500 futures were trading near 7,449 around 12:50 UTC, above Monday’s cash close, with Nasdaq 100 futures near 29,701.

VIX was near 18.0, not panic territory, but still high enough to keep intraday two-way trade alive.

The 10-year Treasury yield was around 4.54%, keeping rates in focus for growth and high-multiple technology.

The U.S. Dollar Index was near 99.7, softer overnight after opening near 100.0.

Crude oil was near $89.4, off the overnight highs after reports that Israel and Iran would pause attacks for now.

Today’s U.S. calendar includes trade data at 8:30 a.m. ET, then existing home sales and wholesale trade at 10:00 a.m. ET. The larger macro risk comes tomorrow with CPI.

Prior Session

Monday left a mixed reference map: large-cap indices faded from highs, small caps held up better, and volatility stayed contained rather than disorderly.