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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
- 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
- Ciena shares falls despite earnings and revenue beat
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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
Friday, June 05, 2026 6:55 PM EDT
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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
- Roadtrippers Launches $250,000 Premium Membership Giveaway to Celebrate America's 250th Anniversary
- Onco-Innovations Signs LOI with Nanosoft Polymers to Advance Polymer and Drug Delivery Development for the ONC010 Program
- Patterson-UTI Reports Drilling Activity for May 2026
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
- SmartStop Self Storage Named One of Reviewed’s Best National Storage Chains of 2026
- Western Union Reports Inducement Grants Under New York Stock Exchange Listing Rule 303A.08
- $123 Million Financing Arranged by Marcus & Millichap’s IPA Capital Markets for Bay Area Multifamily Property
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
- Marvell Technology to join S&P 500 index in June quarterly rebalance
- Genprex (GNPX) files for $250M mixed shelf
- Premier Health receives management cease trade order from regulators
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
- Hurco (HURC) Reports Q2 Loss of $0.37
- StealthGas (GASS) Tops Q1 EPS by 7c
- Ferrellgas Partners (FGPR) Misses Q3 EPS by 1145c
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
- Yuno Provides Corporate Update as It Advances Toward Launch, Expands Leadership Team with Talent from Binance, and Positions for Global Prediction Market Growth
- A.I.S. Resources Announces Grant of Options
- B2Gold Announces Voting Results from its 2026 Annual General and Special Meeting
Guidance
- Nano Dimension CEO outlines progress on strategic restructuring plan
- Tuniu (TOUR) Reports Q1 EPS of RMB0.00 ; Offers Guidance
- Cooper Cos. (COO) Misses Q2 EPS by 2c ; Offers Guidance
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
- Street Capital Inc. Announces Resignation of Tabitha Fritz
- Custom Health Holdings Inc. Announces Completion of Plan of Arrangement
- Charlotte's Web Announces Board Transition as Co-Founder Jared Stanley Deepens Focus on DeFloria
Press Releases
- Yuno Provides Corporate Update as It Advances Toward Launch, Expands Leadership Team with Talent from Binance, and Positions for Global Prediction Market Growth
- Bitcoin Price Prediction: 3 Reasons BTC Could Drop Again as AlphaPepe Pulls Bear-Market Buyers
- SmartStop Self Storage Named One of Reviewed’s Best National Storage Chains of 2026
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
- Europe's competitiveness hinges on integrated industrial electrification, new Eurelectric report shows
- First Dual GLP-1/GIP Receptor Agonist Developed for Type 1 Diabetes Shows Promising Benefits in Blood Glucose Control
- Corgi Launches Suite of Six Fixed Income ETFs on Cboe BZX, Capping a Week of 50 Fund Launches
Reuters
- North Korean leader Kim Jong Un visits naval vessel, Rodong Sinmun says
- Putin held 'friendly one-on-one meeting' with Germany's Schroeder, Kremlin says
- Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings
SEC Filings
- Form 3 RED ROBIN GOURMET BURGER For: Jun 01 Filed by: McLaughlin John Charles
- Form 4 DILLARD'S, INC. For: Jun 05 Filed by: WATTS J C JR
- Form 144 EZCORP INC Filed by: ESPINOSA PABLO LAGOS
