Nasdaq Lags As Investors Rotate Out Of Tech

MRKT Matrix - Thursday, June 4th

Dow jumps 900 points, Nasdaq lags as investors rotate out of chip stocks for banks, retail (CNBC)

America’s ‘other’ economy tells a different growth story (FT)

Americans lead AI data centre backlash, global poll finds (FT)

Phoenix Is a Data-Center Mecca—and Test Case for How to Pay for AI’s Power Needs (WSJ)

Anthropic Urges Global Pause in AI Development, Flags ‘Self-Improvement’ Risk (WSJ)

Quantinuum stock opens at $68 per share after IPO (CNBC)

Goldman Erects Lobby Rockets as Morgan Stanley IPO Rivalry Heats Up (Bloomberg)

What to Know About the Demise of the Much-Hated ‘PDT’ Trading Rule ⁠(WSJ)⁠

The Boom in Crypto ETFs Has a Downside for Investors (WSJ)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs