Good morning.
The Fast Five → Wall Street is going gaga for SpaceX, the ‘Jensen effect’ is the new ‘Trump bump’ for stocks, Jane Street plans new data center, Airbnb CEO to start a new AI company, and Kevin O'Leary shrinks data center footprint after backlash…
📌 Get a Stake in OpenAI and Anthropic - Today — Both are still private. But with this ticker, you can claim a stake right now from any brokerage account for only a few dollars. And the world's #1 stock picker of 2020 will give you the name for free, right here »
(from InvestorPlace)
Calendar: Full Calendar »
Today:
Avg Hourly Earnings m/m, 8:30A
Non-Farm Employment 8:30A
Unemployment Rate, 8:30A
Monday:
None watched
Your 5-minute briefing for Friday, June 5:
BEFORE THE OPEN
As of market close 6/4/2026.
Pre-Market:
Market Wrap:
Futures lower S&P -0.3%, Nasdaq -0.5%, Dow flat
Dow +875 (+1.73%) hit a fresh record close
S&P +0.41% while Nasdaq slipped 0.09%
S&P on track for a 10th straight winning week
Market leadership broadened beyond tech and semis
Lululemon -11% after cutting full-year guidance
May jobs report expected to show slower hiring
EARNINGS
Nothing watched today. See full earnings calendar »
I Became a Millionaire Here While
I Was Still in College
This little-known building in Pasadena is where I learned about a kind of investment most people never get access to.
Twenty years later, that same opportunity is wide open again.
And it's all because of what's about to happen to OpenAI and Anthropic.
- a sponsored message from InvestorPlace -
HEADLINES
Shares of different AI companies all rose as much as 10% this week after Huang complimented them on stage at an event in Taiwan.
Jamie Dimon himself is planning to pitch investors on the offering of Elon Musk’s rocket company, as banks prepare to reap huge fees from the largest I.P.O. ever.
Dow average hits peak as old-school stocks beat AI (more)
Stocks drive record share of American wealth (more)
AI stock rally mints US millionaires at its fastest clip in 4 years (more)
2 Fed officials warn of interest rate hike potential (more)
Oil steadies after first drop this week on peace talk optimism (more)
The mortgage hedging ‘beast’ is returning to the Treasury market (more)
Investors can ‘buy’ SpaceX early with Coinbase perpetual futures on pre-IPOs (more)
Broadcom's sell-off just entered megacap history (more)
Jane Street plans new data center as computing power runs scarce (more)
JPMorgan, Citi, Big Banks plan new tokenized deposit system for crypto (more)
Kevin O'Leary shrinks data center footprint after backlash (more)
AI needs a 'brake pedal', warns Anthropic co-founder (more)
Private credit withdrawals spike (more)
Airbnb CEO Brian Chesky plans to start a new AI company (more)
Lululemon stock tanks after company trims outlook, citing 'headwinds' (more)
Vanguard index product becomes first ETF to top $1 trillion in assets (more)
DEALFLOW
M+A | Investments
RadX receives investment from Kain Capital
Retarget.gg receives investment from Key Element Capital
Montara Therapeutics receives research grant from The Michael J. Fox Foundation
VC
Ramp, a financial operations platform, raises $750M in Series F funding
Helion, a fusion energy company, raised $465M in Series G funding
Suno, AI-powered music generation systems, raised over $400M in a Series D funding
AlphaSense, an AI platform developing market intelligence solutions for business, financial sectors, raised $350M in funding
Lila Sciences, a scientific superintelligence platform and automated laboratory systems, raised $350M in Series A funding
CereVasc, Inc., a clinical-stage medical device company developing novel reatments for neurological diseases, raised $85M in Series C funding
Town, a personalized AI assistant that learns how people work across the tools they already use, raised $55M in Series A funding
Lassie, a company building autonomous systems for small businesses, raised $35M in Series A funding
Airspeed, an agent-native platform for GTM execution, raised $20M in Series A funding
Scotch, a platform supporting liquor retail point-of-sale operations, raised $20M in Series A funding
Shifters, a technology company building AI-native autonomous robotic teams, raised $10.2M in Seed funding
Offroad, an agentic identity security company, raised $7M in Seed funding
Kalogon, a company specializing in smart seating solutions, raised $5.75M in funding
ARTAN Bio, a longevity biotechnology company, raised $200K in Seed funding
CRYPTO
BULLISH BITES
👀 What's inside the House draft bill to regulate AI.
😬 Hyperscalers are strapped for cash.
🚀 The super rich rocket ahead of the regular rich.
👟 Asics’ new grandpa shoes.
DAILY SHARES
Have feedback or a suggestion?
💌 Send us a message
*sponsored message
Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team.
