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Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
By Stephen Culp and Medha Singh NEW YORK, June 5 (Reuters) - Wall Streets nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April 2025 after a... More
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- SpaceX blocks China and Hong Kong investors from $75 billion IPO
- This is the most important area to watch for Apple’s WWDC this year: Citi
- Unity and AppLovin stocks jump on Edgewater upgrade & ad pivot
- Baird turns bearish on Coinbase, sees Q2 revenue miss and valuation risk
- Nvidia certifies Samsung, SK Hynix and Micron for Vera Rubin HBM4 supply
- SpaceX sets IPO price at $135 ahead of roadshow in break with Wall Street norms
- Goldman nearly doubles valuation of this AI infrastructure beneficiary
- BofA lifts UnitedHealth to Buy, says Q2 trend data sets up strong risk/reward
- Equity returns likely to moderate, but dips remain buying opportunities: GS
- UBS flags 'a high-quality secular growth story' in the data center market
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U.S. economy adds 172,000 jobs in May, topping expectations
Investing.com - The U.S. economy added far more jobs than anticipated in May, while the unemployment rate matched the preceding month, signaling resilience in the American labor market despite headwinds posed by... More
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Citi warns global stock markets are the frothiest since 2008
Investing.com -- Global equity markets are showing their highest level of froth since the financial crisis, though conditions have not yet reached the point of outright overexuberance, Citi told investors in a note... More
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JPMorgan upgrades Tesla, sets new price target on robotaxi and Optimus potential
Investing.com -- JPMorgan upgraded Tesla (NASDAQ: TSLA) to Neutral from Underweight on Friday, establishing a December 2027 price target of $475, a sharp increase from its prior target of $145,... More
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Fed risks fueling a stock bubble by overlooking AI-driven inflation: BCA
Investing.com -- The Federal Reserve's reluctance to raise interest rates risks amplifying a brewing stock market bubble by underestimating the inflationary impact of artificial intelligence, BCA Research warned.Chief Strategist Peter... More
Saturday, June 06, 2026 2:07 PM EDT
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- 01:07 PM Apex Custom Innovations Helps Drivers Protect Their Vehicles with Apex Armor Advanced Vehicle Protection Solutions
- 01:00 PM Novo Nordisk to present new data on Wegovy® across a wide range of cardiometabolic conditions at the American Diabetes Association's 2026 Scientific Sessions
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13Fs
- Berkshire exits Visa, MasterCard, Domino's Pizza
- Macy's (M) gains as Berkshire shows new stake
- UnitedHealth Group (UNH) falls as Berkshire exits stake
ACCESS Newswire
- New to The Street Broadcasts Tonight on Bloomberg Television Across the United States, Latin America, and MENA at 6:30 PM ET
- New to The Street Signs One-Year National Media Series with Big Sky Industrial (NASDAQ:BSIN), Highlighting America's Emerging Helium and Carbon Infrastructure Opportunity
- Battery X Metals Announces Closing of First Tranche of Private Placement to Advance Corporate Growth
Analyst Comments
- G-III Apparel (GIII) PT Raised to $40 at BTIG
- ServiceTitan (TTAN) PT Raised to $105 at Freedom Broker
- RBC on Celanese (CE) Debt Situation: 'remains high (~6x at YE25) and remains a major hurdle towards an improving valuation'
Analyst PT Change
- Entrada Therapeutics (TRDA) PT Lowered to $17 at Guggenheim
- G-III Apparel (GIII) PT Raised to $40 at BTIG
- ServiceTitan (TTAN) PT Raised to $105 at Freedom Broker
Board Changes
- Microsoft board member Reid Hoffman to step down at 2026 meeting
- Upwork adds two new board directors following annual meeting
- AbCellera appoints Dr. Victor Sandor to board of directors
Business Wire
- Kalloghlian Myers LLP: Potential Investor Class Action Against TerraVest Industries Inc.
- Robust Phase 2b Efficacy and Favorable Tolerability Support Monthly Dosing for Pfizer’s GLP-1 RA Berobenatide
- Insulet Reveals New Data Supporting Breakthrough Omnipod® 6 and Fully Closed-Loop AID Systems Designed to Improve Outcomes, Reduce Effort, and Unlock Barriers to Care
Commodities
- Natural Gas Inventory 95 bcf vs 99 bcf Expected
- Oil gains as Middle East hostilities flare
- BCA’s Ibrahim sees copper prices supported over the coming weeks
Corporate News
- Abbott study finds diabetic ketoacidosis often goes unrecognized
- Ultomiris shows 43% reduction in kidney protein levels in rare disease trial
- Insulet reports positive trial data for next-generation diabetes systems
Cryptocurrency
- NewGenIVF invests additional $4 million in K25.ai, adopts digital asset strategy
- Crypto stocks sink as Bitcoin hits a 4-month low
- Charles Schwab introduces 24/7 crypto futures trading and expanded features
Dividends
- Douglas Dynamics (PLOW) Declares $0.295 Quarterly Dividend; 2.6% Yield
- Consolidated Water Co. (CWCO) Declares $0.14 Quarterly Dividend; 1.9% Yield
- Trane Technologies (TT) Declares $1.05 Quarterly Dividend; 0.9% Yield
Downgrades
- CLSA Downgrades Melco Resorts & Entertainment Limited (MLCO) to Hold (3)
- JPMorgan Downgrades KOSE Corporation (4922:JP) (KSRYY) to Underweight
- JPMorgan Downgrades KOSE Corporation (4922:JP) (KSRYY) to Underweight
Earnings
- ABM Industries (ABM) Misses Q2 EPS by 2c ; Offers Guidance
- G-III Apparel Group (GIII) Tops Q1 EPS by 9c ; Offers Guidance
- Hurco (HURC) Reports Q2 Loss of $0.37
Economic Data
- U.S. economy adds 172,000 jobs in May, topping expectations
- Canada job market surges as employment rises by 88,000 in May
- Change in Nonfarm Payrolls (May) 172K vs 88K Expected, Unemployment Rate 4.3%
Equity Offerings
- Genprex (GNPX) files for $250M mixed shelf
- Quantinuum closes $1.68 billion IPO at $60 per share
- Evolus (EOLS) files $250M mixed shelf
FDA
- Edesa Biotech reports exploratory data on drug for kidney injury
- Osmind study finds IV ketamine more effective than nasal esketamine for depression
- Tandem Diabetes expands CE mark approval for insulin delivery systems
Fed
- Fed risks fueling a stock bubble by overlooking AI-driven inflation: BCA
- Economic activity increased at a slight to moderate pace - Beige Book
- Fed's Williams says monetary policy in right place, no rate changes needed
Globe Newswire
- Cyndee Haydon Named Among 2026 Best Real Estate Agents in the United States by RealTrends, Ranking #723 in Florida Out of 232,000 Realtors
- Are AI Crypto Trading Bots Suitable for Crypto Beginners? BulkQuant Launches an Automated Crypto Trading App
- SKG Launches PS700 Neck Massager, Bringing Deep Kneading, Layered Heat, and Immersive Audio to Everyday Recovery
Guidance
- ABM Industries (ABM) Misses Q2 EPS by 2c ; Offers Guidance
- G-III Apparel Group (GIII) Tops Q1 EPS by 9c ; Offers Guidance
- Nano Dimension CEO outlines progress on strategic restructuring plan
Hedge Funds
- Medallion Financial responds to ZimCal proxy contest allegations
- Forager Capital to vote against REPAY board nominees
- Alphabet plans $80 billion equity raise to fund AI infrastructure expansion, Berkshire Hathaway to invest $10 billion
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- MSAV Holdings files for IPO seeking to raise up to $30 million
- Quantinuum closes $1.68 billion IPO at $60 per share
- Sunshine Silver completes $310.5 million IPO on NYSE
Market Check
- Nasdaq, S&P futures slip as semiconductors drag; payrolls in focus
- Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq
- Wall Street ends lower as Middle East tensions escalate
Mergers and Acquisitions
- U.S. states preparing a lawsuit to block Paramount's acquisition of Warner Bros Discovery - Reuters
- Securitize merger with CEPT gets SEC approval, shareholder vote set for June 29
- Genco receives proxy advisor support against Diana Shipping takeover
New Coverage
- Macquarie Starts Meesho Ltd (MESSHO:IN) at Underperform
- Freedom Broker Starts HF Sinclair (DINO) at Hold
- Freedom Broker Starts HF Sinclair (DINO) at Hold
Newsfile
- Trade Compliance Records Addresses June 2026 Executive Order Broker Liability
- BazTel Launches $1 eSIM Plans for the World's Most Popular Travel Destinations
- RAIN Highlights $200M Ecosystem Commitment, $100M Liquidity Expansion, and Growth Strategy Ahead of Version 2 Launch
Press Releases
- Cyndee Haydon Named Among 2026 Best Real Estate Agents in the United States by RealTrends, Ranking #723 in Florida Out of 232,000 Realtors
- Trade Compliance Records Addresses June 2026 Executive Order Broker Liability
- 8 Timeless Leadership Principles Announces Official Release of Leadership Book by Sean E Ortiz
Private Company News
- OpenAI Valued At $852 Billion After Closing $122 Billion Round - Bloomberg
- OpenAI to acquire Python developer tools company Astral
- OpenAI raises $110B at $730B valuation from SoftBank, NVIDIA, Amazon
PRNewswire
- Novo Nordisk to present new data on Wegovy® across a wide range of cardiometabolic conditions at the American Diabetes Association's 2026 Scientific Sessions
- /C O R R E C T I O N -- U.S. Postal Service/
- TEAMEX Delivers First EV-Drill LANCE in the United States to Pennsylvania Fire Department
Reuters
- Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says
- White House AI policy adviser Krishnan to leave position, the Information reports
- Soccer-Iraq World Cup striker Hussein questioned for hours at Chicago airport, source says
SEC Filings
- Form 4 WhiteHorse Finance, Inc. For: Jun 04 Filed by: BOLDUC JOHN
- Form SCHEDULE 13D/A EBAY INC Filed by: GameStop Corp.
- Form SCHEDULE 13D/A REED'S, INC. Filed by: DENG Shufen
