01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.32% at 49,686.12; S&P 500 declined 0.07% at 7,403.05; NASDAQ declined 0.51% at 26,090.73.
Unusual-move stocks reflected sharp swings across tech and thematic funds. ServiceNow (NOW) jumped 8.78% at $103.42 amid brisk demand for AI software names, while Rocket Lab USA (RKLB) advanced 5.12% to $131.16 as “new-space” enthusiasm persisted. In semiconductors, Micron Technology (MU) fell 5.95% to $681.54, NVIDIA (NVDA) fell 1.33% at $222.32 and Intel (INTC) fell 0.55% to $108.17, underscoring sector volatility. Leveraged chip ETFs amplified the moves: Direxion Daily Semiconductors Bull 3x Shares (SOXL) fell 7.57% at $151.75, whereas the inverse Direxion Daily Semiconductors Bear 3x Shares (SOXS) rose 7.80% at $9.95. Optical components maker Lumentum (LITE) fell 8.83% at $884.98, and Applied Optoelectronics (AAOI) fell 8.98% at $173.26. Tesla (TSLA) fell 2.90% at $409.99, while Apple (AAPL) slipped 0.80% to $297.84. AI-chip specialist Cerebras Systems (CBRS) climbed 6.05% at $296.65.
Overall, trading highlighted a defensive tilt within technology and continued rotation into selective AI and space-related themes. Large-cap software outperformed even as broader chip names wobbled, and leveraged ETFs illustrated aggressive positioning around semiconductor sentiment. Energy-efficient hardware, electric-vehicle and mega-cap consumer-tech shares saw mixed interest, pointing to an increasingly selective market as investors weighed growth exposure against valuation and macro headwinds.
02 Other Markets
U.S. 10-year Treasury yield remained flat, latest at 4.62%. USD/CNH fell 0.07%, at 6.84; USD/HKD edged up 0.00%, at 7.83. U.S. Dollar Index was little changed, rising 0.01% to 98.97. WTI crude futures fell 1.84%, at 102.46 USD/bbl; COMEX gold futures rose 0.52%, at 4,581.70 USD/oz.03 Top News
1. Publicis Agrees to Buy LiveRamp for $2.2 Billion. The all-cash deal at $38.50 a share represents a 30% premium and positions the French advertising giant as a leader in “data co-creation.” Boards of both companies approved the transaction, expected to close later this year.
2. NextEra Energy to Acquire Dominion Energy in a $66.8 Billion Stock Deal. The utility seeks to meet soaring electricity demand from AI-driven data centers and will issue 0.8138 NextEra share for each Dominion share. Dominion holders will own roughly 25.5% of the combined company after closing.
3. Ford Energy Signs Five-Year Storage Agreement with EDF for up to 20 GWh. The pact allows EDF to purchase 4 GWh of battery energy-storage systems annually, utilizing Ford’s EV-battery infrastructure. Ford shares rose on expectations of new revenue streams starting 2028.
4. SpaceX Targets a Nasdaq IPO as Early as Mid-June. Sources say the launch and satellite company picked Nasdaq for a listing that could value it near $2 trillion. The move would give public investors access to one of the world’s highest-valued private firms.
5. Bitcoin Depot Files for Bankruptcy, Citing an “Unsustainable” ATM Model. The once-largest crypto-ATM operator will sell assets and wind down its network after traffic and profitability collapsed. Crypto-related stocks slumped following the announcement.
6. Hims & Hers Launches $345 Million Convertible Note Offering Due 2032. Proceeds will fund global expansion and an acquisition of telehealth firm Eucalyptus, while capped-call transactions aim to limit share dilution. The stock declined in early trade.
7. Berkshire Hathaway Triples Its Alphabet Stake to $16.6 Billion. A regulatory filing shows the conglomerate boosted its holding, making Alphabet one of Berkshire’s largest positions. Alphabet shares hit a fresh record on the disclosure.
8. Evercore ISI Upgrades F5 Networks to Outperform, Citing EPS “Compounder” Potential. The firm lifted its price target to $475, implying about 31% upside. F5 is seen benefiting from multiple growth drivers that should support double-digit earnings expansion.
9. Wells Fargo Raises Viking Holdings to Overweight on Strong Earnings Trajectory. Analysts argue the cruise operator’s fundamentals continue to accelerate despite geopolitical concerns, prompting a more bullish stance and higher profit estimates.
10. U.S. Officials Say Iran’s Latest Peace Proposal Lacks Key Nuclear Concessions. Washington views Tehran’s revisions as insufficient, warning negotiations may shift to “through bombs” without meaningful changes. The comments underscore heightened geopolitical risk.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.