Yes. Junk and Spam can contain anything from viruses to phishing scams aimed at stealing your information. Spam emails containing Malware can be unassuming, often containing innocuous looking links or legitimate looking content tailored to trick the user into clicking or entering information.
Remember––never click on links within emails from senders you do not recognize. It’s even better to get ahead of the curve and make sure your inbox settings block unfamiliar addresses or contacts.