Markets are range-bound, with expectations of a rate hike before year-end gaining traction.

Market Summary for Last Week (June 1–5): Dow Inc. Average – High: $51,660.40; Low: $50,687.07; Closing: $50,866.78; Week-over-week change: -0.32%. The market traded sideways amid growing speculation about a potential rate hike within the year. In the first half of the week, optimism over progress in peace negotiations with Iran dominated sentiment. However, this optimism waned later in the week as tensions with Iran escalated, diminishing hopes for a peace agreement. Additionally, Broadcom’s sharp post-earnings decline weighed heavily on semiconductor-related stocks. At week-end, May employment data on nonfarm payrolls...

Fisco Japan37minutes ago

Market indecision emerged as Broadcom plunged, highlighting growing concerns over overheating in AI-related stocks.

Market Summary for the Week of June 1–5: The Nikkei 225 reached a high of ¥68,786.49, a low of ¥65,551.13, and closed at ¥66,588.12, up 0.39% from the previous week. Market sentiment was mixed. The index rose sharply midweek, hitting its weekly high of ¥68,786 on June 3, buoyed by gains in U.S. semiconductor stocks and continued investor enthusiasm for artificial intelligence (AI)-related shares. However, sentiment reversed afterward as profit-taking emerged in AI-related stocks.

Fisco Japan38minutes ago

Is The AI Bubble About To Burst? Top Experts Deliver Major Warning

Benzinga04:28

Top Analyst Explains Why the S&P 500, Nasdaq 100, Dow Jones Are Crashing

Benzinga02:51

Jensen Huang Personally Reviews Pay For All 42,000 Nvidia Employees — Here's What He Does '100% Of The Time'

BenzingaJun 6 23:02

Why is everyone focusing on photonic chips?

The rapid development of artificial intelligence infrastructure in Silicon Valley has given rise to a surprising physical challenge: the volume of data that can be transmitted through copper wires is limited, and beyond a certain threshold, heat generation, distance, and power consumption become unmanageable.

Zhitong FinanceJun 6 20:32