Dallas Fed Manufacturing Index Rises to -12.7; SP500 Pulls Back From Session Highs

On June 30, 2025, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index improved from -15.3 in May to -12.7 in June, compared to analyst forecast of -10.

Production Index increased from 0.9 in May to 1.3 in June, while New Orders Index grew from -8.7 to -7.3.

Today, traders also had a chance to take a look at Chicago PMI report for June. The report showed that Chicago PMI declined from 40.5 in May to 40.4 in June, compared to analyst consensus of 43.

U.S. Dollar Index pulled back as traders reacted to the weaker-than-expected Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle below the 97.10 level. From a big picture point of view, U.S. Dollar Index remains under pressure as traders bet on dovish Fed.

Gold settled near the 3290 level as traders focused on the report. Gold markets are trying to rebound after the recent pullback.

SP500 moved away from session highs after the release of the report. SP500 has recently made an attempt to settle above the 6200 level but lost momentum and pulled back below 6190. Profit-taking may serve as a important catalyst for stocks in today’s trading session.

For a look at all of today’s economic events, check out our economic calendar.