📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Empire State Manufacturing Index | Low |
| 9:15 AM | Capacity Utilization Rate | Low |
| 9:15 AM | Industrial Production m/m | Low |
| 4:00 PM | Treasury Currency Report | Low |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7395.22 |
🔥 Hot Market News
| US president says seizing Iran’s enriched uranium is mainly for PR value US President Donald Trump suggested that pursuing Iran's enriched uranium was primarily for public relations purposes, following Israeli demands. Despite previous military actions, Trump reiterated the importance of physically obtaining the material, while Israeli Prime Minister Benjamin Netanyahu emphasized that the conflict over Iran's nuclear capabilities was ongoing.
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| Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push Alphabet announced its first yen-denominated bond sale and Amazon its debut Swiss franc offering as part of a borrowing spree to fund AI infrastructure, with Big Tech expected to spend over $700 billion on AI this year. The moves reflect a trend of American technology companies seeking investment beyond the US, although the sizes of Alphabet's and Amazon's offerings have not been disclosed.
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| CIA Director John Ratcliffe Meets with Cuban Officials to Discuss Economic and Security Issues CIA Director John Ratcliffe led a U.S. delegation to Cuba to deliver a message from President Trump, indicating the U.S.'s readiness to engage on economic and security issues if Cuba ceases to be a haven for U.S. adversaries. The meeting occurred amid heightened tensions due to a U.S. fuel blockade and the release of a political prisoner under diplomatic pressure.
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| Poland urges Pentagon to reconsider Hegseth’s surprise troop withdrawal Poland has called on the Pentagon to reconsider a surprise decision by Pete Hegseth to withdraw U.S. troops from the country, expressing concerns over regional security implications.
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| AI Rally Crushes Stock Pickers With Just 1 in 4 Beating Market A significant rally in artificial intelligence stocks has resulted in only one in four stock pickers managing to outperform the broader market, highlighting the challenges faced by active fund managers amid AI's burgeoning impact on the market.
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💱 Forex & Commodities
| U.S. Expects China to Agree to Major Agricultural Purchases After Trump-Xi Summit The United States anticipates China will commit to purchasing 'double-digit billions' worth of U.S. agricultural products following a summit between Presidents Donald Trump and Xi Jinping in Beijing, with a focus that extends beyond just soybeans.
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| Yen’s Week-Long Slide Puts Traders on Guard for Intervention The Japanese yen has experienced a week-long decline, raising concerns among traders about potential intervention from the authorities to stabilize the currency.
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| Nearly Half of Crude Oil Released from US Strategic Petroleum Reserve Being Exported Amid Iran War About 13 million barrels of crude oil from the US Strategic Petroleum Reserve are being exported to Europe and other destinations, representing roughly 40% of the release, amidst tightened global supplies due to the Iran war. This large scale of exports underscores the strain on global crude markets, with US efforts focusing on easing the impact of the conflict on energy markets.
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🪙 Crypto News
| U.S. Senate Banking Committee Passes Digital Asset Market CLARITY Act in 15–9 Vote The U.S. Senate Banking Committee has advanced the Digital Asset Market CLARITY Act with a 15-9 vote, potentially enhancing the role of USD stablecoins in the global financial system and drawing institutional capital. Restrictions on yield-generating stablecoins may redirect capital to Asian markets like Hong Kong and Singapore, where new regulatory frameworks are developing.
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| Wall Street’s tokenization boom has a liquidity problem: Axis CEO The market value of tokenized real-world assets has surpassed $32 billion, with major firms like JPMorgan investing further in the sector by filing for tokenized funds on Ethereum. However, industry experts like Chris Kim warn that the focus on issuing these assets outpaces the ability to trade them, leading to liquidity challenges and market inefficiencies across fragmented blockchains.
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| CME Group to Launch Nasdaq CME Crypto Index Futures in June CME Group announced it will introduce Nasdaq CME Crypto Index futures on June 8, pending regulatory approval, marking their first market-cap weighted futures contract. These futures will allow for micro-sized and larger-sized trades, providing a regulated, cost-effective way for market participants to gain exposure to top cryptocurrencies.
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🛠️ Free Market Tools
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