Coverage of market moves, trends, and key drivers across asset classes.
June jobs report arrives Thursday, a day early, with payrolls and wage growth set to shape the Fed’s rate path as markets close Friday for Independence Day.
The Magnificent Seven, Broadcom, and Oracle lost about $2.7 trillion in market value in June as investors reassessed AI spending.
Investors are focusing on the cash needed for data centers, chips, networking gear and power, not just the AI revenue promise.
The Magnificent Seven, Broadcom, and Oracle erased about $2.7 trillion in market value in June as investors reassessed AI infrastructure costs.
South Korea’s Kospi tumbled 10% and triggered a 20-minute circuit-breaker pause, with SK Hynix and Samsung each down more than 12%.
South Korea’s Kospi fell 10% and briefly halted trading for 20 minutes after heavy selling in SK Hynix and Samsung, which each dropped more than 12%.
South Korea’s Kospi tumbled 10%, triggering a 20-minute trading halt after SK Hynix and Samsung each fell more than 12%.
South Korea’s Kospi fell 10% in one session and briefly triggered a 20-minute trading halt.
SpaceX has lost an estimated $400 billion in market value, and a basket of space stocks is down an average of 17% since its IPO.
Sports-heavy contracts made up about 84% of Kalshi’s volume last month, or $18.5 billion, while sports-related markets were about 99% of Polymarket’s U.S. site, or $2.1 billion.
FedEx reports Tuesday with results that will include the spun-out FedEx Freight and guidance complicated by its shift to a December fiscal year-end.
Thursday’s PCE report for May follows CPI at a 3-year high of 4.2%, as investors watch whether lower oil prices ease inflation.
