| Good morning. | The Fast Five → Wall Street braces for volatility after Trump verdict, Wall St billionaires rushing to back Trump, TikTok is preparing a US copy of the app's core algorithm, S&P experiences pricing glitch, and Tesla shareholders advised to reject Musk's pay package… | | | Calendar: (all times ET) | | | Your 5-minute briefing for Friday, May 31: | | BEFORE THE OPEN |  | As of market close 5/30/2024. |
| Pre-Market: | | |
|
| US Investor % Bullish Sentiment:
39.04% for Wk of May 30 2024 (Last week: 47.04%). |
|
| | | Market Recap: | Stock futures dip: Dow -0.10%, S&P -0.20%, Nasdaq -0.31%. Dell -16%, MongoDB -23%, Gap up 21%, Nordstrom -6%. Major indexes fell Thursday: Dow -0.9%, S&P -0.6%, Nasdaq -1.1%. S&P, Nasdaq ending 5-week win streaks; Dow set for second weekly loss. April PCE data expected Friday; core PCE forecast +2.7% YoY. Strong month: Dow +0.8%, S&P +4%, Nasdaq +7%.
|
|
| | | Full earnings calendar here. Next week's earnings will post Monday 6/3. |
|
| | | |  | Yardeni says stock market tends to tune out US political risk. Trump's sentencing set for July 11, days before GOP Convention. |
| |  | TikTok is working on a clone of its recommendation algorithm for its 170M US users resulting in a version that operates independently of its Chinese parent and be more palatable to American lawmakers who want to ban it. |
| Wall Street Billionaires are rushing to back Trump, verdict be damned (more) Trump campaign donation page crashes after guilty verdict (more) Trump could still run for president if given prison time, though such a sentence is unlikely (more)
Wall Street aces gig T+1 test with no rise in failed trades (more) Traders say disruptions minimal during S&P 500 pricing glitch (more) Consumers curb economic growth in first quarter, inflation cools (more) Dollar steadies before inflation test (more) Oil falls as Fed policymakers look to maintain rate cuts (more) Mortgage rates rose for the first time in four weeks (more) US sues Hyundai, others over child labor at Alabama parts plant (more) US is slowing AI chip exports to Middle East by Nvidia, AMD (more) FAA will not allow Boeing to boost 737 MAX production yet (more) Aircraft shortages turn into cash bonanza for some airlines (more) BofA CEO says US consumers and businesses have turned cautious on spending (more) Tesla shareholders advised by proxy adviser to reject Musk's pay package (more) Amazon Prime now includes a Grubhub food-delivery subscription (more)
| |
|
| PRESENTED BY WISERADVISOR |
|
| Compare top advisors in your area, Free. | | Connect with the best financial advisor for your needs from WiserAdvisor - a no-cost, independent and unbiased matching service… | ✅ Trusted by over 100,00+ consumers since 1998
✅ Free initial 1-on-1 consultation
✅ Get a personalized match with 2-3 vetted Advisors to compare
— and NO match fee! | It's easy. Simply answer a few questions and WiserAdvisor will find and connect you with 2-3 financial advisors in your area now… | | ~ please support our sponsors ~ |
|
| | | M+A | Investments | KKR wins EU nod for $24B Telecom Italia network deal (more) US Steel, Nippon Steel receive all non-US approvals for merger (more) Skydance sweetens offer for Paramount Global (more) Angeles Equity Partners acquires O'Hara's Son Roofing (more) Investcorp-backed Sunrise purchases Moceri Produce (more) Broadridge buys AdvisorTarget (more) Vista invests in Portside (more) Cambridge Capital invests in STAT Recovery (more) Chloris Geospatial, a company measuring forest carbon from space, received an investment from Cisco Foundation and NextSTEP (more) Portside, provider of modern software solutions for the business aviation industry, received a strategic growth investment of undisclosed amount (more) Shorelight, an enrollment and performance management platform that drives international student success at top universities, closed a $30M revolving facility with CIBC Innovation Banking (more) MediaValet (MVP), provider of enterprise digital asset management and operations software, received credit facilities from CIBC Innovation Banking (more)
| VC | CoreWeave, a customized solutions provider developing cloud infrastructure for AI workloads, raised $1.1B in Series C funding (more) Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, raised $17M in Series A funding (more) Axus Technology, a global provider of chemical mechanical planarization equipment, raised $12.5M in funding (more) Remark, a New York-based product guidance startup for online stores, raised $10.3M in funding (more) Weave Bio, provider of an AI-native life sciences platform, raised $10M in funding (more) Fortunafi, an on-chain financial company, raised $9.5M in total funding (more) Kintsugi AI, provider of a tax automation platform, raised $6M in Series A funding at a $40M valuation (more) Basalt Technologies Corp., a spacecraft OS company, raised $3.5M in Seed funding (more) (Re)vive, a solution addressing the challenges of unstockable and returned inventory for brands, raised $3.5M in Seed funding (more) HoundDog.ai, a startup implementing data security and privacy controls at the code level, raised a $3.1M in seed funding (more) Zendata, a provider of AI governance and data privacy solutions, raised $2M in Seed funding (more) Kalogon, a company specializing in smart seating solutions, raised $1.2M in funding (more)
|
|
| | | Andreessen Horowitz donates $25M to crypto PAC Fairshake (more) Coinbase trading revenue under pressure as crypto comes of age (more) Ether spot ETFs to see much lower demand than Bitcoin versions, JPMorgan says (more) Terraform, Do Kwon agree in principle to settle fraud case with SEC (more)
|
|
| | | | | | | | | DAILY SHARE |  | Autism Capital 🧩 @AutismCapital |  |
| |
In America, they forced us to vote between a felon, a man with dementia, and a brain worm. |  | | | May 31, 2024 | | | | | | 583 Likes 59 Retweets 38 Replies |
|
|  | TrendSpider @TrendSpider | |
| |
Get back in there and save us! $NVDA |  | | | May 31, 2024 | | | | | | 118 Likes 7 Retweets 13 Replies |
|
|  | Not Jerome Powell @alifarhat79 | |
| |
|  | | | May 30, 2024 | | | | | | 5.87K Likes 447 Retweets 109 Replies |
|
|
| |
| | |
| What did you think about today's briefing? | |
|
| | | *from our partners | Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. |
|
Tidak ada komentar:
Posting Komentar