MRKT MATRIX: June 4, 2024

Today’s Top Stories:

• Bonds Rally as Traders Reload Fed Bets After Data (Bloomberg)

• Dow rises as investors try to shake off sluggish start to June (CNBC)

• Big Tech Companies Unplug Stock Market From Reality (WSJ)

• The trend in profitability is the friend of US stocks (FT)

• Intel unveils new AI chips as it seeks to reclaim market share from Nvidia and AMD (CNBC)

• Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI (CNBC)

• Max Hikes Price for Ad-Free Plans Effective Immediately (Variety)

• Short Sellers in Danger of Extinction After Crushing Stock Gains (Bloomberg)

• Why U.S. oil production isn’t a huge threat to OPEC+ market share anymore (MarketWatch)

Live Charts & Trade Ideas: Yields, $TLT, $XLE, Oil, $SMH, $CRWD

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, June 4th.

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