Keep pulling the thread on S&P 500.
Broadcom is experiencing its worst two-day trading stretch ever, with shares down approximately 20% in the last two days.
U.S. job growth in May surpassed all forecasts, while the unemployment rate remained steady at 4.3%.
The year-over-year annual rate of average hourly earnings fell to 3.4%, a four-year low, which is below the current CPI and PCE inflation rates of over 4%.
The financial markets are currently pricing in an interest rate hike by the Federal Reserve by the end of this year.
Cleveland Federal Reserve President Beth Hammack stated that if inflation does not come down, the Fed will have to act soon.
According to the Financial Times, Meta is considering raising tens of billions of dollars in a new share sale to fund AI infrastructure.
According to Goldman Sachs' prime brokerage data, hedge funds are more short macro products against their long single-stock positions than ever before in the history of their data.
John Flood of Goldman Sachs predicts a clear path for the S&P 500 to reach 8,000 and beyond this year.
SpaceX is entering into a cloud services agreement with Google worth $920 million per month.
According to a Reuters report, several U.S. states are considering a lawsuit to block Paramount's acquisition of Warner Bros.
The S&P 500 is on track for its first weekly decline after nine consecutive weeks of gains.
The Philadelphia Semiconductor Stock Index (SOX) is experiencing its worst trading day in many months.