MRKT MATRIX: May 29, 2024

Today’s Top Stories:

• Market Wrap (FactSet Data & CNBC)

• Hedge Funds’ Exposure to Magnificent Seven at Record High as Nvidia Soars (Bloomberg)

• ‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate Jump (Bloomberg)

• Goldman Racks Up $21 Billion for Its Largest Private Credit Pool (Bloomberg)

• Dimon Says ‘Could Be Hell to Pay’ If Private Credit Sours (Bloomberg)

• ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets (CNBC)

• PwC Set to Become OpenAI’s Largest ChatGPT Enterprise Customer (WSJ)

• 40 Minutes for Starbucks Coffee? Customers and Workers Fume Over Fewer Staff (Bloomberg)

Today’s MRKT Call is Presented by SoFi

Live Trades & Market Analysis: $NVDA, $NDX, $SPX

Dan Nathan, Guy Adami, and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, May 29th.

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