Sponsored by

Welcome Back,

Market Headlines 👀 

• US weekly jobless claims came in at 229k; est: 220k.

• US Q1 labor costs rose at the slowest pace since April 2021.

• US non-farm payrolls and unemployment data will be release at 8:30 a.m. EST.

• European Central Bank (ECB) announces a 25bps rate cut, one of the first central banks to cut rates.

• Nvidia (NVDA) surpassed a $3t market cap and moved ahead of Apple briefly yesterday to become the second largest company by market cap.

• Gamestop (GME) stock surges today as infamous investor Keith Gill ‘Roaring Kitty’ announces Youtube livestream tomorrow.

• Salesforce (CRM) announces they will build a $4b AI center in the UK.

• Alphabet (GOOGL) hires a new CFO a former executive from Eli Lilly.

Earnings 💸

• DocuSign (DOCU)

  • EPS: $0.82 beats (exp. $0.79)

  • Revenue: $709.6m beats (exp. $706.3m)

• Nio (NIO)

  • EPS: ¥-2.39 beats (exp. ¥-2.76)

  • Revenue: ¥9.91b misses (exp. ¥10.36b)

A note from Fruitful 📣

Time to figure out your finances? Let’s talk about it.

Handling your finances can be overwhelming. It shouldn’t be.

Talk to a Fruitful Financial Guide, and get organized, optimized, and on track to hit your goals in no time.

Our Guides are friendly, expert CFP® Pros who help with everything money touches. Connect over 1:1 sessions focused on making progress, and message anytime.

You’ll also have a single, intuitive place to talk about, track, save, and invest your money.

Try it for 30 days! If you don’t love it, get a full refund. No fuss.

Get Started, Choose Your Guide

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Throwback Thursday Tweet:

While the S&P 500 made new record highs once again this week, cautious traders have a keen eye on market breadth. The percentage of stocks above their 50-day simple moving average continues to diverge, signaling some weakness under the hood.(Contributed by Jason Krutzky of Trendspider ).

This leg of the rally continues to be driven by AI spend euphoria and disinflationary trends supporting preemptive rate cuts as evidenced by ECB and Bank of Canada. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

Market Preview 🎞️ 

• Friday, June 7th: Non-farm payrolls data; Unemployment rate; Consumer credit

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.