In this market recap, the S&P 500 closed slightly down amid concerns of a recession and reduced energy demand. Semiconductor companies like Qualcomm, Texas Instruments, and Intel experienced losses due to Apple's announcement of using its own chip. EPAM Systems saw a significant drop in stock value after cutting its profit outlook. Apple unveiled the Apple Vision Pro mixed reality headset with some drawbacks. The SEC filed a lawsuit against Binance, accusing its CEO of mishandling funds. The ISM Services PMI for May came in lower than expected. GitLab beat expectations and saw a 30% surge in stock value. Tomorrow, earnings reports from Cracker Barrel, Dave and Busters, and Smuckers will provide insights into consumer spending.