Good morning.
The Fast Five → S&P 500 posts longest winning streak in a year, SpaceX staffers prep for multimillion-dollar windfalls, job openings jump to highest since 2024, Microsoft reveals new quantum chip, and Marvell soars 32% as Nvidia’s Huang says it could be the next trillion-dollar company…
📌 Legendary trader makes the boldest prediction of his 40-year career >>
(from The Opportunistic Trader)
Calendar: Full Calendar »
Today:
ADP Non-Farm Employment, 8:15A
ISM Services PMI, 10:00A
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, June 3:
BEFORE THE OPEN
As of market close 6/2/2026.
Pre-Market:
Market Wrap:
Futures flat after fresh record closes
S&P +0.13% closed above 7,600 for the first time ever
Dow +229 (+0.45%) while Nasdaq edged up +0.03%
Markets eye a 10th straight winning week
AI investment demand continues to drive market leadership
Investors weigh summer slowdown and geopolitical risks
ADP payrolls and factory data due Wednesday
EARNINGS
Here’s what we’re watching this week:
Today: Macy’s $M ( ▼ 0.6% ), Five Below $FIVE ( ▼ 2.59% ), Petco $WOOF ( ▼ 3.27% )
Broadcom $AVGO ( ▲ 4.7% ) - $2.39 EPS (+51.3% YoY) on $22.08B revenue (+47.2% YoY)
THU: Lululemon $LULU ( ▼ 4.26% )
It has nothing to do with AI, tech, or precious metals. Most investors have never heard of it.
But every time the Fed has made a major move, this ticker has moved with it… and the profits have been extraordinary.
117% in under a month. 89% in seventeen days. 35% in two days.
Now Trump is triggering the biggest Fed shift in nearly 20 years.
- a sponsored message from The Opportunistic Trader -
HEADLINES
All three indexes have now closed at records five sessions in a row for the first time since February 2017.
The workers are crafting an IPO wealth playbook that could shape how OpenAI and Anthropic employees cash in.
S&P 500 tops 7,600 as AI fuels nine-day win streak (more)
AI demand, earnings optimism lift tech giants' market value in May (more)
World stocks rally on AI optimism; jitters over Iran persist (more)
Trump to drop $1.8 billion fund in IRS deal (more)
Trump signs AI executive order to give government early access to models (more)
US job openings jump to highest since 2024 as layoffs fall (more)
Russia ships most oil since 2022 as drones strike refineries (more)
Marvell soars 32% as Nvidia’s Huang says it could be the next trillion-dollar company (more)
Microsoft teases new era of AI-driven devices at annual conference (more)
Microsoft reveals new quantum chip made with AI (more)
SpaceX’s IPO is the final frontier for index funds (more)
Anthropic faces AI spending backlash before IPO (more)
Ulta Beauty boosts profit forecast on higher-priced product demand (more)
Shopify expands share buyback program by $3 billion (more)
GameStop reports +14% in quarterly revenue, unveils $2B share buyback (more)
DEALFLOW
M+A | Investments
Check back tomorrow -
VC
Mach Industries, a developer of advanced defense systems and manufacturing infrastructure, raised $300M in Series C funding
Mecka AI, a robotics data and infrastructure company powering the next generation of physical AI, raised $60M in funding
Adaptive Innovations, an AI-native home healthcare operating system and clinical services platform, raised $50M in Series A funding
Subtle Medical, an AI-powered medical imaging software provider, raised $33M in Series C funding
Findigs, an AI-native residential leasing decisioning and underwriting platform, raised $32M in Series C funding
Veritas Aortic Solutions, a medical device company and an inQB8 Spinout, raised $12M in Seed funding
Advanced NanoTherapies, a nanoparticle-coated dual-drug balloon platform for vascular treatment, raised over $31M in Series B funding
Board, a face-to-face tabletop game console and creator platform, raised $20M in Series A funding
Waypoint Bio, a developer of next-gen CAR T therapies for solid tumors, raised $20M in Series A funding
The Ryl Company, a beverage company, raised $20M in a Series C growth equity funding
Novellia, a patient-powered data and personal health records platform, raised $18M in Series A funding
Tavo Biotherapeutics, a developer of novel therapies for glaucoma and retinal disease, raised $17M in Series A funding
Tavo Biotherapeutics, a developer of novel therapies for glaucoma and retinal disease, raised $17M in Series A funding
Ilant Health, an AI-supported precision obesity and cardiometabolic care platform, raised $15M in Series A funding
Plot, an agentic social video intelligence and marketing platform, raised $10M in Seed funding
ZeroDrift, an AI compliance firewall platform, raised $10M in Seed funding
Alitheon, an advanced optical AI and no-touch serialization technology, raised $8M in Series A1 funding
Kosmos, an AI-native operational intelligence platform, raised $5M in Seed funding
StratusGrid, an AI-driven cloud infrastructure optimization platform, raised $3M in Seed funding
CRYPTO
BULLISH BITES
📈 Wall Street is calling it the "Warsh Shock." Here's how to profit from it...
🤖 Nvidia has a plan to put its chips in personal computers.
🍎 The Big Apple is no longer big enough for New York venture firms.
🏪 This crypto-trading platform is emerging as Wall Street’s convenience store.
🍸 Hedging a $15,000 New York Knicks bar tab on Kalshi.
DAILY SHARES
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