Good morning.
The Fast Five → Rally in stocks approaching ‘manic’ level, Dalio: US is entering period of ‘great turbulence’, summer airfares set to surge, and CEOs warn: consumers are ‘running out of money’, and Trump to invite Nvidia, Apple, Exxon CEO’s on China trip…
📌 Google just exposed the energy stock Wall Street missed →
(from Behind The Markets)
Calendar: Full Calendar »
Today:
Average Hourly Earnings, 8:30A
Non-Farm Employment, 8:30A
Unemployment Rate, 8:30
Tomorrow:
Fed Chair Nomination Vote, (tentative)
Your 5-minute briefing for Friday, May 8:
BEFORE THE OPEN
As of market close 5/7/2026.
Pre-Market:
Market Wrap:
Futures slip S&P -0.1%, Nasdaq -0.1%, Dow flat
Oil jumps after US-Iran exchange fire in Hormuz
Trump says ceasefire still intact despite strikes
Thursday losses Dow -314, S&P -0.38%, Nasdaq -0.13%
Iran rejects U.S. Strait reopening proposal
Today: Jobs report expected to show slowing hiring
Earnings momentum still supporting broader market
EARNINGS
None watched today. Full earnings calendar »
The Confidential S-1 is Expected
Next Month.
The IPO targets $1.75 trillion.
June.
Bigger than Saudi Aramco.
Bigger than Alibaba.
Bigger than anything the market has ever seen.
Most investors will find out after it's already moving.
One chokepoint company powers the infrastructure Musk can't build around.
When the prospectus drops, it won't stay hidden.
"The Buck Stops Here,"
Dylan Jovine, CEO & Founder
Behind the Markets
- a sponsored message from Behind The Markets -
HEADLINES
An historic surge in US stocks has pushed equities to fresh highs, yet signs of overheating sentiment suggest that the rally may be entering a slower phase.
Americans have continued to spend at surprising levels despite high inflation. But rising fuel costs might be too much to overcome.
S&P 500 ends down as chip stocks give up gains (more)
Trade court strikes down Trump's 10% blanket tariffs (more)
Trump admin to invite CEOs from Nvidia, Apple, Exxon on China trip (more)
Dalio: US is entering period of ‘great turbulence’ (more)
US yields at 5% tug traders between dip-buying greed and fear (more)
McDonald's CEO: Consumer spending 'getting a little bit worse' (more)
Oil prices jump on renewed US-Iran hostilities (more)
Summer airfares set to surge as jet fuel shortage grips market (more)
Activists target massive SpaceX IPO (more)
Shake Shack shares crater 30% after reporting operating loss (more)
Planet Fitness plunges 30% after company slashes guidance (more)
Blackstone, BlackRock cut value of their private credit funds (more)
Wall Street bonuses rise, with M&A bankers set for 20% boost or more (more)
Novo Nordisk is big-game hunting (more)
Brookfield bets on Dubai real estate, defying war concerns (more)
The next big insider-trading case won’t look anything like this (more)
DEALFLOW
M+A | Investments
Nvidia to invest up to $2.1B in IREN as part of AI data center deal
Kraken parent to buy Reap Technologies for $600M
Anagram Therapeutics receives $250M investment from Blackstone
Cartography Biosciences receives investment from Samsung Ventures
VC
Corgi, an insurance carrier service built for startups, raised $160M in Series B funding
LTZ Therapeutics, a clinical-stage, immunotherapy-focused biotech company, raised $38M in funding
Lunar Outpost, a company specializing in off-planet mobility and in-space infrastructure, raised $30M Series B in funding
MOTHER.tech, an AI-native creative studio, raised $15M in total funding
ParcelBio, a biotech company developing a new class of potent and durable mRNA medicines, raised $13M in Seed funding
Illoca, a company using a native AI-powered design engine to support architects, raised $13M in Seed funding
Jesse & Ben's, a seed-oil-free french fry brand, raised $10M in Series A funding
Another Nine, a 24/7 indoor golf simulator franchise, raised $2M in funding
Travv, a Stillwater, an AI-native diagnostic platform for veterinary medicine, closed a $1.6M Seed funding round
EasyWin, a real-money gaming startup operating globally, closed its second seed funding round at a $20M valuation
CRYPTO
BULLISH BITES
📉 Why an AI productivity boom could justify higher interest rates.
🚨 How Elon grew to love Anthropic.
🤑 Why you can never get your doctor to call you back.
🎓 Say good-bye to plane snacks.
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.
