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Nasdaq Futures Drop as AI Rally Halts Ahead of Jobs Report. Dow Edges Up After Record High.
Barrons.com106d agobullish
Nasdaq Futures Drop as AI Rally Halts Ahead of Jobs Report. Dow Edges Up After Record High.

Stocks were headed for the red on Friday as investors ditched tech ahead of the May jobs report, which will give the market a better idea of whether there will be scope for the Federal Reserve to hike interest rates later this year. Futures tracking the Dow Jones Industrial Average rose 29 points, or 0.1%. S&P 500 futures fell 0.6% and contracts tied to the tech-heavy Nasdaq 100 dropped 1.3%.

Bitcoin Diverges From Stocks, Losing Out to AI Rally
The Wall Street Journal110d agobullish
Bitcoin Diverges From Stocks, Losing Out to AI Rally

Has bitcoin lost its status as investors' bright shiny object? Since May 11, the cryptocurrency has fallen more than 10%, while the Nasdaq Composite has climbed 2.7% to hit a series of records. That’s a divergence from historical patterns, in which bitcoin and stocks have largely moved in line with each other.

Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months
Bloomberg110d agobullish
Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months

(Bloomberg) -- Hedge funds purchased US equities at the fastest pace in six months last week, as the S&P 500 Index extended its historic winning streak, according to Goldman Sachs Group Inc.’s prime brokerage desk.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injur