June 5, 2026

FROM YAHOO FINANCE  �� Good morning! The stock market rebounded despite an abysmal day for Broadcom, which failed to be too much of a wet blanket for the rest of the AI trade. The S&P 500 (^GSPC) gained 0.4%, the Dow (^DJI) 1.7%, and the Nasdaq (^IXIC) lost 0.2% (thanks, Broadcom). Now, get ready for the May jobs report, out at 8:30 a.m. ET. On the agenda this morning: �� Expectations are high for a key labor check �� SpaceX's IPO could be a trap ���� Canada beats the US to a national AI strategy �� The Fed's June meeting will have a big dilemma �� Broadcom's historic single-day loss �� What we're watching Friday: It's a calm day on the calendar besides the jobs report, but we're watching Iran in the wake of the Israel-Lebanon ceasefire, which pushed oil prices lower. The Yahoo Finance Morning Brief is produced by Ethan Wolff-Mann and Hamza Shaban (when he's back). For a web-based version of this email, please click here to view online. �� What's on our radar �� Better and Coinbase issue crypto-backed conventional mortgage. ✂️ Layoff announcements tick higher in May, with AI as the leading cause. �� JPMorgan's Jamie Dimon to flex massive branch network in SpaceX IPO pitch. �� Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports. ���� Trump's rebuilding his tariffs. They could end up a lot narrower. �� The AI stock rally is minting US millionaires at its fastest clip in 4 years. �� Shark Tank star shrinks data center footprint after backlash. ���� JPMorgan, Jefferies plan Venezuela trips as investors rush in. �� Honeywell-backed Quantinuum shares jump 13% after upsized IPO. �� Microsoft and OpenAI's relationship continues to crumble. ₿ The market's risk trade is leaving bitcoin behind. �� Alphabet and Nvidia reveal a surprising truth about the 'Magnificent 7' stocks. �� SpaceX IPO is coming to your 401(k). Should you be concerned? ��Nvidia's laptop chip is a bet that AI will need more than the cloud to flourish. �� Ford Bronco Filson edition rekindles 'Eddie Bauer' Explorer vibes, but it's 'not just an appearance package.'