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Tesla Stock Drops. OpenAI Is Coming for One Line of Its Business.
Barrons.com78d agobearish
Tesla Stock Drops. OpenAI Is Coming for One Line of Its Business.

Shares of the electric-vehicle maker were down 1.3% in premarket trading, while and futures were up 0.2% and 0.4%, respectively. The move came after OpenAI CEO Sam Altman tweeted on Sunday that his company is hiring people to jumpstart its robot business. “AI should be able to help people in the physical world,” wrote Altman.

U.S. Stock Futures Rise Amid AI Enthusiasm
The Wall Street Journal78d agoneutral
U.S. Stock Futures Rise Amid AI Enthusiasm

A jump in oil prices is doing little to take the shine off of U.S. stocks this morning. Brent crude futures are up more than 3% to trade above $94 a barrel after a weekend exchange of fire between the U.S. and Iran, even as both countries continue to hammer out a peace deal. Adding to the fervor this morning was Nvidia’s unveiling of its new superchip, which it described as “the most efficient PC chip ever built.”

Stock Futures Drift Lower as Iran War Enters Fourth Month
Barrons.com79d agoneutral
Stock Futures Drift Lower as Iran War Enters Fourth Month

Stock futures were drifting lower on Sunday with no progress on the Iran war as it enters its fourth month on Monday. President Donald Trump told Fox News in an interview that aired Saturday that the U.S. was “close to a very good deal,” but suggested a potential return to fighting as an alternative. Brent crude futures edged higher, up 1.7% to around $92.54 a barrel, while WTI futures rose 1.8% to $88.90 a barrel.

Review & Preview: The Nasdaq’s Best 2 Months in Decades
Barrons.com80d agoneutral
Review & Preview: The Nasdaq’s Best 2 Months in Decades

The Nasdaq rose 0.2% today, while the S&P 500 rose 0.2% and the Dow Jones Industrial Average gained 0.7%. The Nasdaq rose 25% in April and May, its best two-month stretch since October and November of 2002. Dell Technologies surged 32% on Friday following the company’s blowout earnings report.

Wall St hits new closing highs on tech strength, Iran deal hopes
Reuters Videos81d agoneutralVIDEO
Wall St hits new closing highs on tech strength, Iran deal hopes

<body><p>STORY: Wall Street's main indexes hit more record closing highs on Friday, with the Dow gaining nearly three-quarters of a percent, and the S&P 500 and Nasdaq each ticking up about two-tenths of a percent.</p><p>All three indexes posted both weekly and monthly gains, with the S&P 500 recording its ninth straight weekly gain, it's longest streak since December of 2023.</p><p>Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, said that while there may be some bumps ahead, the market's upward momentum could continue through the end of the decade.</p><p>"You know, the old adage is, 'Sell in May and go away.' And well, although you may want to take some profits, maybe rebalance, because we may have some volatility as we approach the summer months. So what we're saying is, 'Sell in May, but you may want to come back.' [FLASH] Because we believe that the equity market remains in a secular bull market."</p><p>Stocks on the move Friday included Dell, which surged nearly 33% after the company raised its full-year profit and revenue forecasts a day earlier. Peers Super Micro Computer and Hewlett Packard Enterprise rose more than 11% and 12%, respectively.</p><p>On the flip side, consumer staples shares were weak, with heavyweight Costco dropping almost 4% and Walmart shedding roughly 2.5%</p><p>And the S&P automaker index slipped after reports the Trump administration wants North American-built vehicles to have 82% regional content to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement.</p><p>Shares of General Motors and U.S.-listed shares of Stellantis both ended lower.</p></body>