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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
40.82% for Wk of May 09 2024 (Last week: 38.49%)

Market Recap:

• Dow futures up 0.1%, S&P climbs 0.09%, Nasdaq gains 0.1%.

• Dow's longest win streak since December; rose 0.85%.

• S&P closes above 5,200 for the first time since April.

• Fed hints at no rate hike, boosting market confidence.

• Week on track for gains: Dow up 1.8%, S&P up 1.7%, Nasdaq up 1.2%.

• May consumer sentiment expected to ease slightly to 76.0.

EARNINGS

Full earnings calendar here

HEADLINES

Biden Set to Impose Tariffs on China EVs, Strategic Sectors

Robinhood Makes Headway Beyond Trading

• Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes (more)

• Weekly jobless claims jump to the highest since August (more)

• High mortgage rate relief isn't coming soon, experts say (more)

• Asia stocks rally on renewed global rate cut optimism (more)

• China's exports return to growth in April, boosting economy (more)

• The Port of Virginia’s plan to become No. 1 on the East Coast for super-sized ocean containerships (more)

• Apple to power AI tools with in-house server chips this year (more)

• Musk may be compelled to testify again in SEC's Twitter takeover probe (more)

• Airbnb slumps as gloomy forecast fans slowdown fears (more)

• Sony’s plans for Paramount include sale of famous studio lot (more)

• PE scrambles to find an alternative to IPOs to unlock $3 Trillion (more)

• Frequent flyer programs fairness questioned in DC hearing (more)

• Target to cut LGBTQ Pride month products from some stores after backlash (more)

• Investor found guilty in Trump Media insider trading case (more)

DEALFLOW

M+A | Investments

• BP looking to buy Tesla's Supercharger sites in US (more)

• Sinclair explores selling roughly 30% of its broadcast stations (more)

• Power producer Calpine explores options including $30B sale (more)

• T-Mobile, Verizon in talks to buy parts of US Cellular (more)

• Bain Capital invests $250M in business services firm Sikich (more)

• Blackstone set to clinch Hipgnosis songs as Concord sticks with lower bid (more)

• Sony Group, others eyeing buyout of Infocom (more)

• GSM Outdoors' owner explores sale of hunting gear maker (more)

• Ares Real Estate, EQ team up on $500M UK hotels acquisition (more)

• UK approves Vodafone-Three merger with conditions (more)

VC

• Zenas BioPharma, a biopharmaceutical company developing immunology therapies, raised $200M in Series C funding (more)

• Bluejay Therapeutics, a company specializing in the development of novel therapeutics, raised $182M in Series C funding (more)

• Hysata, a company developing electrolysers that aim to produce green hydrogen, raised $111M in Series B funding (more)

• Aardvark Therapeutics, Inc., a clinical-stage biopharmaceutical company, raised $85M in Series C financing (more)

• Li Industries, a developer of lithium-ion battery recycling tech, raised $36M in Series B funding (more)

• ArkeaBio, an ag-biotech startup, raised $26.5M in Series A funding (more)

• Sift Healthcare, a provider of AI-powered healthcare payment solutions, raised $20M in Series B funding (more)

• Triomics, a company advancing gen AI models to streamline workflows for cancer centers, raised $15M in funding (more)

• Cheetah Technologies, a restaurant supply tech and food distribution innovator, raised additional $14M in funding (more)

• Lagrange Labs, a company specializing in scaling blockchain computation, raised $13.2M in Seed funding (more)

• CoverTree, an insurtech company specializing in manufactured home insurance solutions, raised $13M in Series A funding (more)

• FleetPulse, a railer telematics solution provider, announced its launch with $11M in seed funding (more)

• Pascal, a startup developing heat pumps, air conditioners and refrigerators, raised $8M in Seed funding (more)

• Chip City Cookies, a gourmet cookie chain, raised $7.5M in Series B funding (more)

• Mycocycle, a nature-inspired biotechnology company, raised $3.6M in funding (more)

• Little Sparrows Technologies, a neonatal medical device startup, raised $3M in Seed funding (more)

• DoorSpace, a healthcare technology company, raised $2M in Seed funding (more)

• Outpave, a spend management startup, raised $1.2M in Seed funding (more)

• Archive Intel, a provider of AI communications archiving and compliance solutions , raised $1M in Seed funding (more)

• SorbiForce, a sustainable battery technology company, raised $340K in Crowdfunding (more)

Any news or data you wish was included in your briefing?
…just hit reply and tell us!

CRYPTO

• Bitcoin’s longest losing streak of 2024 casts cloud over crypto (more)

• Crypto monthly trading volume drops for first time in seven months to $6.58T (more)

• Binance fired investigator who uncovered market manipulation at client DWF labs (more)

BULLISH BITES

😂 This mom: In honor of Mother's Day, one mom serves up a "tight five" in her own living room.

🙏 Mea culpa: Apple apologizes for iPad ‘Crush’ ad that ‘missed the mark’.

🔥 #1 AI stock? Artificial intelligence stocks are carrying the market. But which one should you buy and when? » *

😘 Adieu: The Chevy Malibu was so uncool it was cool.

🏆 50 of the best: Robb Report’s Grooming Awards 2024.

DAILY SHARES

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