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Stocks push to fresh highs yet face yield-driven hurdles
6 hours ago•Source: CNN
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Premarket movers spotlight RACE, LEA, LUNR and MU ahead of bell
Ferrari (RACE), Lear Corporation (LEA), Intuitive Machines (LUNR) and Micron Technology (MU) are among the biggest premarket movers as investors position for the next trading session.
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RBI interventions and oil slide propel rupee higher for third day
Reuters•1 day ago
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Korea to Debut 2x Leveraged ETFs on Samsung and SK Hynix
South Korea plans to launch its first-ever single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix, aiming to deliver twice the daily moves of these chipmakers. Analysts expect strong retail demand but warn the products could amplify volatility and concentration risk in the Kospi, with regulators cautioning about potential losses as volatility remains elevated. The move underscores the AI stock rally’s influence on retail trading in Korea.
Nikkei Hits 65,000 as Oil Slides on Iran Talks Progress
Japan’s Nikkei 225 jumped to a fresh record above 65,000 (65,081.96) as oil prices slid on signs of progress in Iran talks after Trump’s remarks, lifting sentiment during holiday-thinned trading. WTI crude fell about 4.5% to $92.23 and Brent about 4.5% to $98.87. In the U.S., major indices rose with the Dow at 50,579.70 (+294.04), the S&P 500 at 7,473.47 (+0.37%), and the Nasdaq at 26,343.97 (+0.19%), while markets in Hong Kong and South Korea were closed for holidays.
Midterm Summers Hint at Weak Seasonality for Stocks, Yet This Year Feels Different
Historically, summer in midterm years has been a weak stretch for equities (the S&P 500 has averaged a roughly 2.8% loss from end-April to end-September). This year started May with gains, but analysts warn volatility remains elevated (VIX around 16.7%), and the political backdrop—likely a divided Congress—could limit policy shocks. The market may move sideways to choppily, with outcomes still influenced by inflation and Federal Reserve policy.
Bonds Aren’t Simple: Five Traps Investors Need to Dodge
Stuart Kirk argues bonds are widely misunderstood, outlining five traps to avoid: (1) believing bond markets are omniscient or smarter than stocks, (2) comparing bond yields with earnings yields, (3) thinking rising long‑dated yields reflect debt concerns, (4) relying on the five‑year forward inflation rate to gauge long‑run inflation, and (5) conflating real yields with inflation‑linked bonds due to distortions. He notes that inflation expectations and real yields matter far more for true borrowing costs, and while many bond managers underperform, the topic remains crucial for savers and policymakers alike.
Markets Ignite on Iran Peace Hopes, GTA VI Buzz, and IPO Fever
U.S. stock futures edge higher as traders weigh mixed Iran peace-talk updates and Hormuz tensions that lift oil, while OpenAI IPO chatter and SpaceX filing buzz dominate headlines; Take-Two surges on GTA VI launch timing and bookings, and Kevin Warsh is poised to become Fed chair, adding policy risk to the outlook.
Regional markets rise as Dow hits record; oil climbs amid Iran tensions
Asia-Pacific equities gained as Wall Street closed at a record high and Brent crude climbed to about $105 amid U.S.–Iran tensions after Trump blocked the Strait of Hormuz. Japan’s Nikkei 225 surged 2.68% to 63,339.07 (Topix +1%), with core inflation cooling to 1.4% in April, easing BOJ rate-hike expectations. Korea’s Kospi +0.41% and Kosdaq up sharply, Hong Kong’s Hang Seng +1.03%, and China’s CSI 300 +1.26%; India’s Nifty 50 and Sensex also higher. U.S. 10-year yields eased to around 4.57% and the 30-year yield nudged lower. Moody’s warned that longer-term borrowing costs could rise due to defense spending and expansive AI/data-center investment, underscoring a still-challenging global financing backdrop.
Nvidia Earnings Could Signal a New Era for Market Volatility
Nvidia earnings may unwind the crowded dispersion trade, reducing single-stock volatility while lifting implied correlation and potentially VIX, signaling a potential market regime shift as volatility normalizes.
AI Bets, IPO Hopes and Fed Clarity Set the Tone for Thursday's Open
Futures edge lower as Nvidia beats on AI demand with a massive data-center boost and a new $80 billion buyback; SpaceX moves toward a Nasdaq IPO (SPCX) amid a $28.5 trillion TAM, with OpenAI potentially filing for IPO soon. Walmart issues a weaker full-year outlook while E.l.f Beauty climbs on strong Q4 results and tariff relief; Fed minutes show officials leaning toward higher rates if inflation stays elevated, though cuts could come if labor/inflation cools. Jeff Bezos defends AI optimism and weighs in on tax policy, and Intuit announces a 17% workforce reduction with $300–$340 million in restructuring charges.
SpaceX reveals 18,712 Bitcoin treasury valued at $1.29B in IPO filing
SpaceX disclosed in its IPO filing that it holds 18,712 bitcoin, with a fair value near $1.29 billion, as the company pursues an IPO valued at over $1.5 trillion.
Bond Selloff Signals Troubling Global Growth Prospects
Bond markets are signaling growing risk to global growth as yields rise, with the 30-year U.S. Treasury yield reaching multi-decade highs and pushing up borrowing costs for governments, lenders, and borrowers. Analysts say energy shocks, elevated debt, and potential rate hikes could slow economic activity and raise the odds of a recession, even as stock markets wobble in response to policy and geopolitics.