Good morning.
The Fast Five → BofA Warns It’s time to ‘take profits’, OpenAI files for IPO as rivals race to market, chip stocks lead a market rebound, Wall Street shrugs off Apple’s AI announcements, and SpaceX IPO is well oversubscribed with $10B orders…
📌 OpenAI seeks to acquire ‘Dark Energy’ Tech being used by Elon Musk →
(from Altimetry)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Consumer Price Index, 8:30A
Your 5-minute briefing for Tuesday, June 9:
BEFORE THE OPEN
As of market close 6/8/2026.
Pre-Market:
Market Wrap:
Futures lower Dow -99, S&P -0.2%, Nasdaq -0.3%
S&P +0.30%, Nasdaq +0.86%, Dow -81
Chip stocks led a rebound after last week's tech selloff
Investors question the long-term sustainability of the AI trade
Iran-Israel ceasefire remains fragile amid new strikes
Trump says both sides are seeking an immediate ceasefire
Today: Home sales, inventories and small business data due
EARNINGS
Here’s what we’re watching this week:
Today: Cracker Barrel $CBRL ( ▲ 2.0% )
WED: *Chewy $CHWY ( ▼ 2.37% )
Oracle $ORCL ( ▼ 0.87% ) - $1.96 EPS (+15.3% YoY) on $19.1B revenue (+20.1% YoY)
THU:
Adobe $ADBE ( ▼ 2.57% ) - $5.81 EPS (+14.4% YoY) on $6.2B revenue (+8.8% YoY)
SpaceX 'Dark Energy' Replaces Foreign Oil
For years, we've been told SpaceX is a rocket company.
But according to new satellite images from 300 miles above the Earth's surface, there is something very strange going on at SpaceX right now that has nothing to do with space.
It could soon replace our need for foreign oil forever and ignite a $10 trillion boom for the stocks involved.
- a message from Altimetry -
HEADLINES
Investors should exercise caution regarding US stocks as an increasing number of “bear market signposts” point to an approaching top, according to Bank of America Securities.
OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans.
S&P 500, Nasdaq rise as tech, chipmakers rebound (more)
Chip stocks lead a market rebound (more)
Chip rebound sparks hedging flurry from traders (more)
Judge blocks Trump’s $100,000 H-1B visa fee (more)
More Americans report declining finances: Fed survey (more)
Oil edges higher after Iran, Israel signal halt to escalations (more)
SpaceX IPO is well oversubscribed with $10B orders (more)
Apple slips as Wall Street shrugs off its AI announcements (more)
Intel gains on report that Google will use it to make chips (more)
Apple partnering with Google and Nvidia for most advanced AI model (more)
Nvidia clinches deals with South Korean giants to advance AI boom (more)
Nvidia CEO declines Senate testimony on AI, China, exports (more)
Meta launches $115M data center job guarantee (more)
S&P downgrades JetBlue deeper into junk as fuel costs dent recovery (more)
Silicon Valley’s new buyout playbook is hitting Wall Street (more)
DEALFLOW
M+A | Investments
J&J to buy cancer drug technology developer Firefly Bio for $1 billion
Ingredion to buy UK's Tate & Lyle for $3.6 billion
Scotiabank to buy MapleMark Bank
Cogensus receives investment from Caduceus Capital Partners
VC
Alterra IOS, a company specializing in real estate solutions, raised $244M in funding
Allen Control Systems, a defense tech company specializing in autonomous precision robotics, raised $200M in Series B funding
Pathway Power, a company hybrid and storage projects company, raised $150M in debt funding
PointFive, a company specializing in AI and cloud efficiency services, raised $60M in Series B funding
A Security, a platform fortifying organizations against weaponized AI by remediating real attack paths, $37M in funding
Edge Markets, a financial services company that creates products for alternative financial markets, raised $29.2M in Series A funding
Lexful, an AI-native, secure IT documentation platform built exclusively for MSPs, raised $7M in Seed funding
Goldenrod Therapeutics, a precision therapeutics company, completed 6.5M Series Seed preferred stock round
Reset, an embedded earned wage access platform built for credit unions and community banks, raised $6M in Seed funding
Rejuvenate Bio, a biotech company developing gene therapies for age-related and chronic diseases, raised $6M in funding
InfoHawk, an AI platform built to detect and neutralize deception at internet scale, raised $2.25M in Pre-Seed funding
Accelevate Solutions, a company developing AI-powered fleet decision intelligence for transportation operators, raised $1M in funding
CRYPTO
BULLISH BITES
💰 SpaceX IPO a boon for banks and the ultrarich.
🙌 For a select few, IPOs are winners. Good luck to everyone else.
🇺🇸 How to fly the American flag properly.
👨🚀 Prada just unveiled the new spacesuit NASA astronauts will wear to the moon.
DAILY SHARES
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