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Market Headlines 👀 

• US President Trump and Elon Musk public spat grows as Elon says he is very disappointed with the spending bill and Trump questions how good their current relationship is.

• ADP private sector jobs grew just 37k for the month of May, lowest in two years.

• US and China leaders spoke today, Trump citing it was a good call with Xi.

• US Weekly jobless claims rose to 247k, a seven month high.

• European Central Bank (ECB) cut their fed funds rate for a eighth consective time.

• Microsoft (MST) shares saw all time highs in the trading session today.

• Circle (CRCL) stable coin crypto company IPO opens at more than double IPO price of $31.

• Lululemon (LULU) shares sink after company cuts full year guidance.

Earnings 💸

• Broadcom (AVGO)

  • EPS: $1.58 beats (exp. $1.57)

  • Revenue: $15b beats (exp. $14.95b)

• Docusign (DOCU)

  • EPS: $0.90 beats (exp. $0.81)

  • Revenue: $763.64m beats (exp. $748.92m)

• Lululemon (LULU)

  • EPS: $2.60 beats (exp. $2.58)

  • Revenue: $2.37b beats (exp. $2.36b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

A lot of back and forth tweets between Elon and Trump leading to a major drop in Tesla share price through the session.

Market Preview 🎞️ 

• Friday, June 6th: Consumer credit; Non-farm payrolls; Unemployment data

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. 

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