Tuesday, June 2, 2026 · Covering Monday June 1 session
Summary
Argentina stock market report: the S&P Merval jumped 2.41% to 3,242,787.55 on Monday June 1, breaking out of a months-long consolidation to close near the day’s high and within 1.6% of its January 28 record of 3,296,502. The index opened at the low and ran all session, leaving it far above every moving average. Argentina has been Latin America’s lone decoupler for weeks, and Monday turned that drift into a breakout, powered by near-record reserves, a firming peso and country-risk compression. The one caution is the RSI at 73, deep in overbought.
The Big Three
The Merval closed at 3,242,787.55, up 2.41%, opening at the 3,166,406 low and running to a 3,269,154 high before settling near it. The breakout clears the 2.87 to 3.01 million consolidation that had held since March and puts the index 1.6% from its all-time high.
