Mortgage Rates Remain Elevated, Dampening Spring Housing Market Activity
Economy Daniel Marsh

Mortgage Rates Remain Elevated, Dampening Spring Housing Market Activity

U.S. mortgage rates remain in the mid-6% range, with the 30-year fixed at 6.53%, stifling spring home sales. Applications dropped 8.5% and new home sales fell 6.2% in April.

GLD USO TLT XLF
SoFi Rises on Stablecoin Launch; Wall Street Eyes Credit Risks
Crypto Sarah Chen

SoFi Rises on Stablecoin Launch; Wall Street Eyes Credit Risks

SoFi Technologies shares rose 1.9% on Monday after launching its SoFiUSD stablecoin, though BTIG warned of rising loan-loss trends in the lending business.

SOFI
Nvidia’s AI PC Chip Launch Sends Intel Shares Down 4.7%
Technology Sarah Chen

Nvidia’s AI PC Chip Launch Sends Intel Shares Down 4.7%

Intel shares plunged 4.7% as Nvidia's new RTX Spark AI PC chip targets Intel's stronghold, while Nvidia rose 6.3%. Intel's Computex news failed to calm investor concerns.

INTC NVDA AMD QCOM MSFT DELL HPQ
Rivian R2 Deliveries Begin, Stock Rises as Market Eyes June 9
Markets Daniel Marsh

Rivian R2 Deliveries Begin, Stock Rises as Market Eyes June 9

Rivian stock rose 3.9% to $16.95 as investors anticipate the first R2 SUV deliveries on June 9. The company faces profitability challenges and a regulatory probe.

RIVN TSLA LCID
Starfighters Space Soars Amid Sector Decline; Capital Infusion Fuels Rally
Markets Daniel Marsh

Starfighters Space Soars Amid Sector Decline; Capital Infusion Fuels Rally

Starfighters Space shares jumped 29% on a $17.5 million equity deal, even as the company faces no revenue, a $26 million lawsuit, and going-concern doubts.

FJET RKLB LUNR
AMC Surges 22% on Record May Attendance, But Debt Overhang Persists
Markets Daniel Marsh

AMC Surges 22% on Record May Attendance, But Debt Overhang Persists

AMC shares surged 22% to $2.12 as May crowds returned to pre-pandemic levels, with 25.5 million attendees. However, the company's $4.02 billion debt and cash burn raise sustainability questions.

AMC CNK IMAX
Strategy Inc. Sells Bitcoin for First Time Since 2022 to Fund Dividends
Crypto Sarah Chen

Strategy Inc. Sells Bitcoin for First Time Since 2022 to Fund Dividends

Strategy Inc. sold 32 bitcoin for $2.5 million to fund preferred dividends, its first sale since 2022. Shares fell 5.9% as the market eyes the shift from pure accumulation.

MSTR
Gasoline Dips on Crude Retreat, But Geopolitical Risks Persist
Commodities Rebecca Torres

Gasoline Dips on Crude Retreat, But Geopolitical Risks Persist

U.S. gas prices fell to $4.322/gal, down from $4.507 last week, as crude pulled back. However, oil surged 4.2% Monday after Iran halted indirect U.S. talks and new blockade fears emerged. Gasoline stocks declined for a record-tying 15th week.

USO UNG GLD SLV XLE
Credo Technology Stock Tumbles Despite Strong Earnings as Margin Concerns Weigh
Earnings James Calloway

Credo Technology Stock Tumbles Despite Strong Earnings as Margin Concerns Weigh

Credo Technology shares fell over 10% after hours despite beating profit and revenue targets, as margin compression and high expectations triggered selling.

CRDO AVGO MRVL ALAB
NuScale Shares Rise on Nuclear Sector Optimism Amid Regulatory Advances
Markets Daniel Marsh

NuScale Shares Rise on Nuclear Sector Optimism Amid Regulatory Advances

NuScale Power shares rose 3.6% to $13.13 on Monday, outperforming small-cap peers as the nuclear sector gained momentum from U.S. regulatory reforms for small modular reactors.

SMR
Opendoor Shares Rally on Russell 3000 Inclusion Anticipation
Markets Daniel Marsh

Opendoor Shares Rally on Russell 3000 Inclusion Anticipation

Opendoor shares jumped 6% on heavy volume as investors positioned for its Russell 3000 inclusion. Q1 revenue fell to $720 million, but gross margin improved and Q2 guidance suggests a 25% revenue increase.

OPEN
Constellation Energy Hits 6.6% Slump After $3.1B Secondary Offering
Markets Daniel Marsh

Constellation Energy Hits 6.6% Slump After $3.1B Secondary Offering

Constellation Energy shares dropped 6.6% after a $3.09 billion secondary offering by existing holders, with no proceeds to the company. The sale adds pressure amid potential delays in the Crane nuclear plant restart, key to AI data-center deals.

CEG VST NRG MS JPM SPY XLU MSFT