MRKT Call

Cyclical Stocks Fall, Chip Wars Heat Up & The Great Economic Divide

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MRKT Matrix - Monday, June 3rd

  • Dow falls 200 points to kick off June trading on concerns about the economy (CNBC)
  • NYSE says technical issue that caused Berkshire Hathaway to be displayed down 99% is fixed (CNBC)
  • Oil hits four-month low as OPEC+ decision fails to allay demand worries (Reuters)
  • Bad economic news has been good for stocks, but that could change this week (CNBC)
  • AMD announces new AI chips amid intensifying competition with Nvidia, Intel (CNBC)
  • Nvidia’s stock is responsible for a third of the S&P 500’s gains this year (MarketWatch)
  • Spotify raises prices of premium subscription plans (CNBC)
  • E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform (WSJ)
  • The Great Divide (Axios)
  • Mexican Stocks and Peso Slide After Ruling Party's Landslide Election Victory (WSJ)


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