Welcome Back,

Market Headlines 👀 

• US Federal Reserve left rates unchanged yesterday and said they see three rate cuts through the year.

• US weekly jobless claims come in at 210k; est: 212k.

• Apple (AAPL) US Department of Justice hits Apple with a massive anti-trust and monopoly case.

• Microsoft (MSFT) launches their first set of Surface laptops with a dedicated AI co-pilot button.

• BlackRock (BLK) launches its first tokenized fund ‘BUIDL’ on Ethereum’s blockchain.

• Reddit (RDDT) shares debuted on NYSE today opening at $47 a piece.

Earnings 💸

• Nike (NKE)

  • EPS: $0.77 beats (exp. $0.75)

  • Revenue: $12.4b beats (exp. $12.3b)

• Fedex (FDX)

  • EPS: $3.86 beats (exp. $3.48)

  • Revenue: $21.7b misses (exp. $22.1b)

• Lulu-Lemon (LULU)

  • EPS: $5.29 beats (exp. $5.02)

  • Revenue: $3.2b meets (exp. $3.2b)

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

FOMC key takeaways from yesterday meeting and QT balance sheet update:

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.