All three major U.S. indices were in the green in Thursday&#8217;s midday trading, reversing earlier losses after President Donald Trump said that he held a &#8220;very good phone call&#8221; with China&#8217;s President Xi Jinping and more trade talks with Beijing <a href="https://www.benzinga.com/markets/equities/25/06/45787817/us-stocks-likely-to-open-on-a-mixed-note-after-dow-snaps-four-day-run-powell-and-the-fed-are-doing-the-right-thing-holding-rates-says-expert">will take place &#8220;shortly.&#8221;</a>



The S&amp;P 500 rose 0.42%, while the Nasdaq Composite gained about 0.7% and the Dow Jones Industrial Average was up 0.27%. 



The job market showed more signs of softening with initial jobless claims in the U.S. rising to 247,000, up from the previous week's revised figure of 239,000 and defying expectations for a decline, according to Trading Economics. On Wednesday, a disappointing private sector payrolls report showed only 37,000 jobs were added in May, well below forecasts.



Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says?utm_source=articleShare"> Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>



The softer-than-expected labor reports have heightened anticipation for Friday's non-farm payrolls release. Economists expect a gain of 125,000 jobs for May, which would be 52,000 fewer than the previous month.



In commodities, silver futures surged 4% to trade above $36 <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">per troy ounce </a>as weak economic data and a dovish Federal Reserve outlook fueled safe-haven demand ahead of Friday's non-farm payrolls report. Silver has since retreated to $35.33, but remains up by more than 20% year-to-date. 



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back to $104,491 midday after nearly touching $106,000 earlier in the session. 



According to Benzinga Pro data:



<ul class="wp-block-list">
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.29% to $597.60.&nbsp;</li>



<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.28% at $426.06.&nbsp;</li>



<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.47% to $531.24.&nbsp;</li>



<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) climbed 0.61% to $209.72. </li>



<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) dipped 0.34% to $214.05.&nbsp;</li>



<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.33% to $82.23.&nbsp;</li>
</ul>



Thursday's Stock Movers:&nbsp;



Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45795638/tesla-stock-slumps-amid-political-turmoil-whats-going-on">sank on Thursday </a>as political tensions and ongoing concerns about international sales performance weighed on the stock. CEO&nbsp;Elon Musk&#8217;s&nbsp;public feud with President&nbsp;Trump&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45789663/tesla-stock-tumbles-nearly-3-in-pre-market-as-elon-musk-continues-intense-attack-on-trumps-big-beautiful-bill">intensified</a>, with Musk urging Americans to oppose Trump&#8217;s latest bill and calling it a threat to the U.S. economy.



Stocks reacting to company earnings reports included:&nbsp;



<ul class="wp-block-list">
<li>Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) </li>



<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) </li>



<li>PVH, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) </li>



<li>Bark, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) </li>



<li>Planet Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>)</li>



<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) </li>



<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)</li>
</ul>



Companies reporting after Thursday's closing bell include:&nbsp;



<ul class="wp-block-list">
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>



<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</li>



<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>)</li>



<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>)</li>



<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>)</li>



<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>)</li>



<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>)</li>



<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>)</li>
</ul>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb?utm_source=articleShare">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a></li>
</ul>



Image: Shutterstock

Earnings

Equities

Large Cap

News

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Markets

Movers

Tech

Trading Ideas

ETFs

$BTC

AVGO

BARK

BRZE

CHPT

DOCU

FIVE

LULU

MOMO

RBRK

RENT

TSLA

WOOF

Trump Announces China Trade Talks, Tesla Stock Slumps: What's Driving Markets Thursday?

A friendship between President Donald Trump and billionaire Elon Musk may be coming to an end, with a heated <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">public falling out</a> due to the "big beautiful bill."



What Happened: Musk helped the White House administration in the Department of Government Efficiency and was a close ally of Trump during his first 100+ days in<a href="https://www.benzinga.com/news/25/05/45707423/trump-says-he-is-having-elon-musk-over-at-the-white-house-tomorrow-for-a-press-conference-as-billion"> the White House.</a>



The billionaire, who is the world's richest man, publicly endorsed Trump for the 2024 presidential election and donated hundreds of millions to the campaign to get him elected.



The public friendship may now be coming apart, as Musk has vocally opposed the "Big Beautiful Bill," which would increase government spending and debt.



On Thursday, Trump said Musk isn't the first admirer to later turn on him. "It's sorta Trump Derangement Syndrome, they call it," the president said.



Trump said that sometimes people wake up, change their minds, and become hostile toward him.



&#8220;I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here&#8230; He had no problem with it, all of the sudden he had a problem, and he only developed a problem when he found out that we&#8217;re going to have to cut the EV mandate.&#8221; 



Trump said while Musk hasn't said anything bad about him personally, he thinks that could be next.



"I'm very disappointed in Elon."



Trump added that the EV mandate would provide money to help the sector, which is "having a hard time." The president also said Musk wanted someone "he knew very well" to head NASA, a likely reference to Jared Isaacman, who Trump recently withdrew as the NASA administrator nominee.



Musk took to social media platform X to share his side of the story.



"False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!" Musk <a href="https://x.com/elonmusk/status/1930662301792977094">tweeted</a>.



Another <a href="https://x.com/elonmusk/status/1930660788739698878">tweet </a>from Musk encouraged Congress to "ditch the mountain of disgusting pork in the bill."



"Either you get a big and ugly bill or a slim and beautiful bill. Slim and beautiful is the way."



Musk also said "whatever" to the EV incentive cuts and said the cuts could be kept in the bill even though oil and gas subsidies weren't cut.



You may not be a billionaire like Elon Musk, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45710022/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-67">check out five stocks flying under the radar that deserve your attention.</a>



Why It's Important: The latest comments from Trump and Musk come after Musk shared several old tweets from the president on X that could be shading him over his support for the "Big Beautiful Bill."



Musk <a href="https://x.com/elonmusk/status/1930645855285231914">shared </a>an old 2013 tweet of Trump's that read, "I cannot believe the Republicans are extending the debt ceiling – I am a Republican &amp; I am embarrassed."



Musk also <a href="https://x.com/elonmusk/status/1930652448726925524">shared </a>an old 2012 tweet from Trump that said, "No member of Congress should be eligible for re-election if our country's budget is not balanced – deficits not allowed."



The new bill, which is in the Senate and could have changes made, is estimated to add $5 trillion to the national debt in the coming years based on estimates from the Congressional Budget Office.



Things may have escalated further on Thursday when Musk responded to a post in which Trump claimed he would have won the key swing state of Pennsylvania without the billionaire's help.



Musk thinks this is the opposite.



"Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate. Such ingratitude," Musk <a href="https://x.com/elonmusk/status/1930667528696828120">tweeted</a>.



Trump's comments on Thursday suggest the friendship could be over.



"Elon and I had a great relationship. I don't know if we will anymore," Trump said.



TSLA Price Action: Electric vehicle company Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has had <a href="https://www.benzinga.com/25/05/45475999/if-you-invested-1000-in-tesla-stock-when-elon-musk-endorsed-donald-trump-for-president-heres-how-much-youd-have-today">a bumpy road</a> for its stock price with Musk's relationship with the president. The stock soared after Trump's win and fell in 2025 with brand damage done and protests hitting the company and dealerships over Musk's political interests.



Tesla stock fell after Trump's comments Thursday and shares are down 7% to $308.78 at the time of writing. Tesla stock is down 18.8% year-to-date in 2025 with shares down over 13% in the last five days. &nbsp;



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a></li>
</ul>



Photo: Shutterstock

Politics

Trump Says Musk Has 'Trump Derangement Syndrome' As Battle Over Bill Heats Up: 'Had A Great Relationship… Don't Know If We Will Anymore'

Every bull market climbs a wall of worry. But sometimes, it pays to stop and ask whether the climb is getting steeper than usual. Today's market setup bears an eerie resemblance to prior late-stage cycles, and the risks appear to be rising, even as the S&amp;P 500 notches new highs.



Let's start with a technical snapshot that doesn't get much airtime on CNBC. The S&amp;P 500 is trading above its 200-day moving average. That's a long-term trend marker suggesting extreme optimism. Meanwhile, Treasury bond prices are sitting below their 200-day moving average. This divergence doesn't happen often, and when it does, it tends to show up in the final innings of economic expansions.



We've seen this movie before: 1999, 2006, 2021.



Each time, equity investors pushed ahead, convinced corporate profits would keep expanding forever.



Bondholders, however, had already started worrying about inflation, interest rates, or worse. In every case, the equity euphoria gave way to painful reversion.



Right now, we're watching the same dynamic unfold.



Yields are up across the curve. Bonds are under pressure. Stocks are shaking off bad news and beneath the surface, the cost of capital is rising, especially for leveraged firms and growth stocks. History says this is a dangerous setup.



<h2 class="wp-block-heading">Meet Your One-Stop Command Center for Smarter Investing</h2>



Newsletters talk. Analysts argue. Talking heads on TV hype. Benzinga Edge does something different—it delivers. With real-time portfolio alerts, actionable stock ideas, and pro-grade tools…you get the complete investor's arsenal — ready to help you profit in any market. Get Your Edge <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?">HERE</a> (At 43% New-Member Discount) 



We've run our full battery of forward-looking models, and nearly all suggest that future returns from U.S. equities will be underwhelming at best. In plain language: most of the gains are already behind us.



The CAPE ratio is back above 33, which is higher than 95% of historical readings. That's only been eclipsed twice: in 1929 and 1999.



Both preceded brutal drawdowns.



Even more concerning, the Excess CAPE Yield, essentially a measure of how much stocks yield versus bonds, is now negative. Bonds are expected to outperform equities on a valuation-adjusted basis. That's rare. And it's not bullish.



Meanwhile, market cap to GDP (the "Buffett Indicator") is around 175%. That's miles above its historical average. Investors own more stocks than ever, according to Fed data. Household equity allocations are above 45%. When allocations get that high, forward real returns typically fall below 2%.



Tobin's Q, the ratio of market value to asset replacement cost, is more than double its historical average. And the term premium on 10-year Treasuries is near zero—meaning there's little cushion for risk assets if the Fed has to stay restrictive longer than the market expects.



High-yield credit spreads—measuring the yield premium that lower-rated corporate bonds pay over Treasuries—are among the most reliable barometers of financial market risk. Today, those spreads remain historically tight, hovering around 300 basis points. That's well below the long-term average of about 500 basis points, and only marginally higher than the ultra-complacent levels seen during the 2006–07 cycle and parts of 2019.



In plain terms, the market is not pricing in much credit risk. That may reflect optimism about soft landings, disinflation, and resilient earnings—but from a longer-term perspective, it's concerning.



Tight spreads mean investors are not being compensated for default risk. Historically, when spreads are this compressed, forward returns for both high-yield debt and equities tend to be modest. More importantly, such periods often precede volatility spikes, widening spreads, and, eventually, equity drawdowns, especially when economic conditions deteriorate or monetary policy tightens further.



A growing and underappreciated macro risk is the revival of protectionist trade policies. Across both political parties, support for tariffs and domestic reshoring is surging. New tariffs—whether on Chinese electric vehicles, semiconductors, or critical minerals may win political points, but economically, they act as a tax on supply chains.



This raises costs, suppresses productivity, and creates inflationary friction—without stimulating enough domestic demand to offset the drag. That's how you end up with stagflation: slow growth and sticky inflation. It's the most dangerous macro cocktail for both bonds and equities.



Investors should remember that much of the post-1990s disinflationary boom was powered by global supply chain integration and cheap imports. Rolling that back won't just raise input costs, it will lower operating margins and real wage gains. And if retaliatory tariffs follow, as they often do uncertainty will climb just as fast as prices.



Markets may not yet be pricing in this risk, but it looms large for 2025 and beyond.



There's also the issue of rising yields. While modest yield increases can accompany economic growth, rapid or disorderly moves tend to hurt equities, especially long-duration stocks like tech and companies that rely heavily on debt financing.



Let's not sugarcoat it: higher yields mean higher borrowing costs. They mean increased competition from fixed income. And they raise the discount rate on future cash flows, compressing valuations.



If inflation proves sticky or the Fed is forced to keep rates elevated, this will likely weigh on corporate margins and investor risk appetite.



We saw this in 2022. We saw it in 1994. We saw it in 2018. The results weren't pretty.



This isn't a call to go to cash. But it is a warning that the air is thin up here.



Most valuation metrics suggest we are in rarefied territory, where expected returns don't justify the risks. And the bond and credit markets, often better macro forecasters than stocks, are sending conflicting signals.



Tight spreads and high valuations rarely coexist for long in a tightening cycle.



Now add to that a potential wave of trade-driven inflation and supply chain risk. The margin for error is shrinking, and the volatility premium looks underpriced.



The prudent move now may be to rebalance toward value and income.



International markets, small-cap deep value, and income-producing assets all deserve fresh attention.



The message from history and the data is simple: markets don't reward complacency. They punish it.



We'll be watching closely. Stay alert.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Opinion

5 Signs The Market Is Getting Overheated

Silver's not just glittering &#8211; it's surging. <a href="https://www.benzinga.com/topic/silver">The white metal</a> rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff says it's just warming up. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love the smell of a precious metals rally in the morning. Gold is above $3,400, but silver and platinum are up 4%. Not only is silver above $35, it&#39;s about to take out $36, trading at its highest level since Dec. 2012. This train has left the station and there&#39;s no stopping it!&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1930582432270741827?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



"This train has left the station and there's no stopping it," Schiff posted on X, noting silver's push to $36 and a 4% jump in early action.



While gold flirted with $3,400, it was silver that stole the spotlight, driven by a perfect storm of weak U.S. economic data, rising geopolitical tensions, and intensifying expectations of a Fed rate cut in September. The latest ADP report showed the weakest job growth since March 2023, and the ISM Services PMI fell into contraction territory <a href="http://www.benzinga.com/markets/market-summary/25/06/45788298/asia-markets-mixed-europe-gains-gold-inches-toward-all-time-high-global-markets-today-while-us-slept">for the first time</a> in nearly a year &#8211; fueling bets that the Fed will have little choice but to ease.



Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">Gold Now Worth 100x More Than Silver: Analysts Say It&#8217;s Time To Buy The Underdog</a>



<h2 class="wp-block-heading">Fed Doves And Trade Tensions Fan The Fire</h2>



It's not just macro softness driving this surge. The market is also reacting to Washington's tariff thunderclap &#8211; doubling import duties on <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45790624/exclusive-tariff-titans-why-cleveland-cliffs-nucor-steel-dynamics-could-outmuscle-the-competition">steel and aluminum to 50%</a> &#8211; raising fears of another trade slugfest just as investors react to a market-moving call between President Donald Trump and Chinese President Xi Jinping.



For silver, which straddles the line between precious metal and industrial workhorse, this is jet fuel. Whether it's flight to safety or hedging against inflation and trade turmoil, demand is coming from all corners.



<h2 class="wp-block-heading">SLV And Silver Miners Shine Bright</h2>



Retail investors are already piling in. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) (proxy for silver price) is up over 16% year-to-date and 14% over the past year, with technicals flashing green across the board. 



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png" alt="" class="wp-image-939737" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605">Chart created using Benzinga Pro</a>



SLV is currently trading above its eight, 20, 50 and 200-day simple moving averages and maintains a bullish MACD (moving average convergence/divergence) indicator and an RSI (relative strength index) of 68.23.



For those seeking exposure to this breakout, silver miners like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>), Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and Wheaton Precious Metals Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) are catching bids alongside the metal.



For diversified exposure, the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) offers a direct line to the producers riding silver's high.



If Schiff's right and the rally's just beginning, silver bugs may have a lot more to smile about this summer.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">The Golden Ratio&#8217;s Silver Surprise: This Metal&#8217;s Price Could Double</a></li>
</ul>



Photo: Shutterstock

Long Ideas

PAAS

Silver Hits 12-Year High: Peter Schiff Says Rally's Just Starting

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) may be the <a href="https://www.benzinga.com/quote/NVDA/news">undeniable epicenter of the AI Revolution</a>, but the aftershocks of its chip-powered boom are being felt far beyond semiconductors. 



According to Wedbush analyst Dan Ives, &#8220;for every $1 spent on Nvidia, there is an $8-$10 multiplier across the rest of the tech ecosystem.&#8221; Looking at the value chain, this ripple effect is now seemingly reaching software giants like Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).



Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Nvidia Stock Has &#8216;Significant Upside&#8217; As AI &#8216;Godfather&#8217; Jensen Huang Delivers Another &#8216;Robust Quarter&#8217;</a>



<h2 class="wp-block-heading">From Silicon To Software: The AI Domino Effect</h2>



Nvidia has surged nearly 16% over the past year, though the stock has cooled with a 24.7% drop in the past month. Still, the foundational role its chips play in AI infrastructure—especially for hyperscalers like Amazon.com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS and Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) GCP—is creating second-order beneficiaries.



Companies like Adobe, Salesforce and ServiceNow sit squarely in the next wave of value creation, as enterprise clients now shift focus from AI infrastructure buildouts to actual deployment across vertical-specific use cases.



<ul class="wp-block-list">
<li>Adobe, with its suite of creative and document tools, has jumped 8.6% over the past month after lagging most of the year. </li>



<li>Salesforce remains down 20.4% YTD, but its AI-powered CRM offerings are increasingly viewed as critical in enterprise automation. </li>



<li>ServiceNow, meanwhile, is up over 3.5% this month and nearly 44% over the past year, as its AI-infused workflow solutions continue gaining traction.</li>
</ul>



<h2 class="wp-block-heading">Enterprise Adoption Accelerates In 2025</h2>



Wedbush believes 2025 marks the true inflection point in enterprise AI adoption. Ives notes that "high priority AI use cases have been identified and now being driven/accelerated across a myriad of verticals," positioning software vendors to capitalize as companies move from experimentation to scale.



While Nvidia may be the "Godfather of AI," the broader investment case now hinges on identifying which software players will ride this $2 trillion AI spending wave. For investors, that may mean looking beyond the chip king to the quiet beneficiaries—those turning silicon into scaled solutions.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/06/45774136/wedbush-launches-ai-revolution-etf-backed-by-dan-ives-proprietary-tech-picks">Wedbush Launches AI Revolution ETF Backed By Dan Ives&#8217; Proprietary Tech Picks</a></li>
</ul>



Photo: Hepha1st0s On Shutterstock.com

Analyst Color

Analyst Ratings

ADBE

AMZN

GOOG

GOOGL

NVDA

How Nvidia's $10 Ripple Effect Could Lift Adobe, Salesforce, ServiceNow

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has entered its <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45772932/bitcoins-post-golden-cross-correction-playing-out-benjamin-cowen-flags-signs-of-q3-weakness">first meaningful correction</a> in nearly two months, falling from an all-time high of $111,880 amid rising macroeconomic uncertainty and unprecedented leverage in derivatives markets.



What Happened: The pullback marks a pivotal moment for investors, as mounting sell pressure, profit-taking by seasoned holders and surging options activity point to elevated volatility ahead.



The correction coincides with rising macroeconomic risk and increasingly aggressive positioning in the derivatives market.



One of the key catalysts was a surprise legal decision in the United States, where the Court of Appeals temporarily halted a ruling against government-imposed tariffs. 



The move triggered a spike in 30-year Treasury yields above 5%, prompting a broad sell-off across risk assets, including cryptocurrencies.



Bitcoin&#8217;s options market reflects this nervousness. 



Open interest on BTC options reached a record $49.4 billion, <a href="https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-thi-truong-day-bien-dong-dang-cho-phia-truoc/">according</a> to Bitfinex Alpha, highlighting increased institutional activity and growing demand for both speculation and downside protection following the recent all-time high.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45767539/anthony-scaramucci-says-sam-bankman-frieds-25-year-sentence-is-too-steep">Anthony Scaramucci Says Sam Bankman-Fried&#8217;s 25-Year Sentence Is &#8216;Too Steep&#8217;</a>



Why It Matters: On-chain metrics add further cause for caution.



The Relative Unrealised Profit index has exceeded +2 standard deviations, a level historically associated with short-term market tops and intraday volatility. 



According to Bitfinex analysts, this reflects a market entering an overheated phase, driven in part by profit-taking from long-term holders.



Broader macroeconomic indicators are also flashing warnings. U.S. consumer spending declined sharply in April, with households prioritizing savings amid concerns over inflation and future tariff-related costs. 



Imports fell nearly 20% in the same month, shrinking the trade deficit by 46%, yet corporate inventories and capital goods orders remained weak, signaling reduced investment appetite.



Labor market data is no more reassuring. Jobless claims are now at their highest levels since 2021, and corporate earnings fell in the first quarter. 



Business confidence has slipped, and hiring plans are being scaled back. 



Even a temporary trade truce between the U.S. and China has failed to restore lasting confidence.



Despite the pullback, crypto adoption continues to gain momentum in traditional finance. 



Meme-stock giant GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) allocated $513 million to Bitcoin as part of a strategic diversification move. 



While notable, the decision has sparked concern among investors about the firm's limited crypto expertise and the volatility of the asset class.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45757170/trump-branded-crypto-wallet-sparks-controversy-trump-family-denies-involvement">Trump-Branded Crypto Wallet Sparks Controversy, Trump Family Denies Involvement</a></li>
</ul>



Image: Shutterstock

Cryptocurrency

Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?

The ongoing public feud between Elon Musk and President Donald Trump has taken a toll on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock, which slumped following Musk&#8217;s latest criticisms. On Thursday, the stock fell 2.6% during the pre-market session.



What Happened: Tesla&#8217;s stock took a hit as Musk&#8217;s strong political opinions resurfaced just days after announcing an exit from White House affairs. The CEO intensified his criticism of Trump&#8217;s bill since Tuesday and called on the public to reject the bill, cautioning that continued deficit spending could push America towards bankruptcy.



In his latest post on X, Musk said, &#8220;Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL.&#8221;&nbsp;



Musk&#8217;s strong stance against the bill has been a point of contention, especially considering his previous ties to the Trump administration, which were seen as beneficial for Tesla. However, Musk&#8217;s right-leaning tendencies and support for Trump have caused certain Tesla owners to feel alienated.



These political controversies, combined with&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45777555/tesla-stock-is-sliding-wednesday-heres-why">declining sales</a> in China and European markets, have contributed to the recent slump in Tesla&#8217;s stock. Notably, all of this comes just ahead of Tesla's major robotaxi test set for June 12 in Austin.



The bill in question, also known as Trump&#8217;s &#8216;Big, Beautiful Bill,&#8217; has been a&nbsp;<a href="https://www.benzinga.com/25/05/45586258/is-trumps-big-beautiful-bill-a-major-roadblock-for-elon-musks-tesla-and-other-evs">source of concern</a> for Tesla and other EV manufacturers. It abolishes the $7,500 EV Tax Credit, which was a part of former President&nbsp;Joe Biden&#8216;s Inflation Reduction Act, potentially hindering the expansion of electric vehicles and renewable energy in the U.S.



Interestingly, in December, Musk supported the elimination of the EV tax credit.



Benzinga's Edge Stock Rankings underscore Tesla's strong price momentum across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Additional detailed metrics are available here</a>. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05073533/Screenshot-2025-06-05-at-8.01.32%E2%80%AFAM-1.png" alt="" class="wp-image-939617"/></a></figure>



SEE ALSO:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45768579/steve-bannon-says-elon-musks-doge-cuts-went-from-2-trillion-to-150-bilsteve-bannon-says-elon-musks-do" target="_blank" rel="noreferrer noopener">Steve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 BilSteve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 Billion And Now Nothing—&#8217;None Of This Makes Sense&#8217;</a>



Why It Matters: These comments come in the wake of Musk&#8217;s public criticism of the bill, which he has labeled a &#8220;disgusting abomination.&#8221; The bill, which is currently facing&nbsp;an uncertain future in the&nbsp;Senate, has been projected by the Congressional Budget Office to add $2.4 trillion to the deficit over the next decade.



Musk&#8217;s criticism of the Trump administration&#8217;s tax bill has drawn mockery from industry figures like Ross Gerber, CEO and Co-Founder of Gerber Kawasaki. Gerber <a href="https://www.benzinga.com/news/politics/25/06/45785510/ross-gerber-mocks-elon-musks-attack-on-donald-trumps-big-beautiful-bill-this-should-work-out-well-for-tesla">sarcastically predicted</a> that Musk&#8217;s attack on the administration he helped put in power would &#8220;work out well for Tesla.&#8221;



Despite the controversy, Wedbush Securities&#8217; managing director, Dan Ives, maintains his bullish views on Tesla. He believes that Musk&#8217;s return to Tesla is essential for the EV giant&#8217;s <a href="https://www.benzinga.com/news/topics/25/06/45738722/elon-musk-is-teslas-biggest-asset-says-dan-ives-as-he-reiterates-his-2-trillion-market-cap-for-tsla-stock">robotics and AI </a>vision, which he claims represents 90% of the company&#8217;s future value.



On Wednesday, Tesla stock declined 3.55% to close at $332.05. Over the last five days, it slumped by over 9%, according to data from Benzinga Pro. 



<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45784639/jeff-bezos-let-customers-cancel-their-own-amazon-orders-and-it-paid-off-big-if-you-give-people-more-" target="_blank" rel="noreferrer noopener">Jeff Bezos Let Customers Cancel Their Own Amazon Orders And It Paid Off Big: &#8216;If You Give People More Control&#8230;Maybe They&#8217;ll Order More&#8217;</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Stock Tumbles Nearly 3% In Pre-Market As Elon Musk Continues Intense Attack On Trump's 'Big, Beautiful Bill'

U.S. stock futures were flat on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were mixed in premarket.



The tepid move followed ADP data showing that the <a href="https://www.benzinga.com/markets/economic-data/25/06/45768817/us-private-sector-hiring-slows-the-most-in-2-years-powell-must-now-lower-the-rate-trump-says">private payroll additions tumbled</a> in May as weak consumer sentiment and trade policy uncertainty weighed on hiring. 



"ADP number out!!! &#8216;Too Late&#8217; Powell must now lower the rate. He is unbelievable!!! Europe has lowered nine times!" Donald Trump wrote on Truth Social shortly after the release.



Meanwhile, the 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.87%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 95.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.14%</td></tr><tr><td>S&amp;P 500</td><td>0.05%</td></tr><tr><td>Nasdaq 100</td><td>-0.01%</td></tr><tr><td>Russell 2000</td><td>0.15%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.12% at $596.66, while the QQQ advanced 0.10% to $529.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



U.S. stocks settled mixed on Wednesday, with the Dow Jones index snapping a four-session winning streak.



Most S&amp;P 500 sectors ended positively on Wednesday, with communication services, materials, and real estate stocks leading the gains on Wednesday.



However, energy and utilities stocks underperformed, closing the session in the red.



Yext Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares soared over 31% after the company raised its FY26 adjusted EPS guidance above estimates. Dollar Tree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>) shares fell over 8% following its first-quarter results.



On the economic data front, the ISM services PMI dropped to 49.9 in May from 51.6 the prior month, missing market expectations of 52. U.S. private businesses added 37K workers to payrolls in May, down from a revised 60K in the previous month.



The Dow Jones index ended 92 points or 0.22% lower at 42,427.74, whereas the S&amp;P 500 index rose 0.0074% to 5,970.81. Nasdaq Composite advanced 0.32% to 19,460.49, and the small-cap gauge, Russell 2000, gained 0.21% to end at 2,098.48.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.32%</td><td>19,460.49</td></tr><tr><td>S&amp;P 500</td><td>0.0074%</td><td>5,970.81</td></tr><tr><td>Dow Jones</td><td>-0.22%</td><td>42,427.74</td></tr><tr><td>Russell 2000</td><td>0.21%</td><td>2,098.48</td></tr></tbody></table></figure>



Insights From Analysts:



Ross Gerber, CEO of Gerber Kawasaki Wealth &amp; Investment Management, <a href="https://www.benzinga.com/news/politics/25/06/45785484/trump-cant-demand-lower-rates-while-creating-inflation-with-tariffs-and-money-printing-says-ross-gerber-backs-feds-patience">backed the Federal Reserve's choice</a> to maintain interest rates, while strongly condemning President Trump's trade and tariff strategies, as well as the fiscal expansion fueling inflation. 



In a Wednesday post on X, Gerber stated that Federal Reserve Chair Jerome Powell was "doing the right thing" by keeping interest rates unchanged, awaiting a clearer picture of Trump's tariff effects.



Gerber contends that if Trump desires lower interest rates, he should steer clear of inflation-driving policies like the inflationary tariff approach and the "One Big, Beautiful Bill," which will likely increase the fiscal deficit and national debt.



The GOP bill, which narrowly passed the House in May, includes significant tax cuts paired with heightened spending on defense, manufacturing, and infrastructure.



"If Trump wants lower rates, then he should stop working on creating inflation through vast amounts of money printing," he said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Powell and the Fed are doing the right thing holding rates while waiting to see the damage caused by trumps tariffs. If Trump wants lower rates then he should stop working on creating inflation through vast amounts of money printing.&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1930303657406542235?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Louis Navellier of Navellier &amp; Associates said that tariff negotiations with China were &#8220;hitting an impasse,&#8221; thus he added &#8220;a call between President Xi Jinping and President Trump may be imminent.&#8221;



Contrary to Gerber&#8217;s view, Navellier said that &#8220;The Fed has said inflation is its main priority, but a weak payroll report could cause the Fed to key interest rates sooner rather than later.&#8221;



Meanwhile, Adam Turnquist, the chief technical strategist at LPL Financial, <a href="https://www.benzinga.com/markets/equities/25/06/45787192/nasdaq-100s-premium-valuation-is-easier-to-digest-as-growth-optimism-surges-for-2026-momentum-remains-bullish">hinted in his technical analysis</a> that it was "easier to digest" the Nasdaq 100 index's premium valuation given the growth optimism for 2025 and 2026. 



&#8220;A jump in expected operating margins from 18.0% in 2024 to 23.8% in 2025 and 25.6% in 2026 makes the premium valuation easier to digest (along with the AI-themed tailwinds)," explained Turnquist.



From a technical perspective, Turnquist suggests that the index's "Momentum remains bullish after the recent reset from overbought levels." The Nasdaq 100 has rallied out of a bear market in less than two months.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Thursday:



<ul class="wp-block-list">
<li>The initial jobless claims data for the week ended May 31, April U.S. trade deficit, and first quarter&#8217;s U.S. productivity data will be out by 8:30 a.m. ET.</li>



<li>Federal Reserve Governor Adriana Kugler will speak at noon, and Philadelphia Fed President Patrick Harker will speak at 1:30 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 3.41% in premarket on Tuesday as analysts expect it to report quarterly earnings of 52 cents per share on revenue of $1.09 billion, before the opening bell.</li>



<li>Toro Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) declined 1.43% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.39 per share on revenue of $1.35 billion.</li>



<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was up 0.70% as analysts expect it to report quarterly earnings of $1.56 per share on revenue of $14.99 billion, after the closing bell.</li>



<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) dropped 8.86% after it cut fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.</li>



<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) jumped 15.16% after it reported better-than-expected first-quarter financial results for fiscal 2026 after the market closed on Wednesday. It also raised its outlook for fiscal 2026.</li>



<li>Mullen Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) fell 18.01% after it announced that it entered into securities purchase agreements following its 1-for-100 reverse stock split on Wednesday.</li>



<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) gained 5.39% after it beat analyst estimates on the top and bottom lines in the first quarter.</li>



<li>ChargePoint Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) was 12.92% lower after it reported losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue comes in at $97.64 million, which missed the Street estimate of $100.53 million.</li>



<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) surged 19.05% after its first-quarter revenue came in at $66.27 million, beating the $62.3 million Street estimate. The company sees second-quarter revenue in a range of $65 million to $67 million, versus the $65.19 million estimate.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.38% to hover around $63.09 per barrel.



Gold Spot US Dollar rose 0.30% to hover around $3,382.45 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.07% at the 98.8540 level.



Asian markets were mixed on Thursday as Japan's Nikkei 225 and Australia's ASX 200 indices fell. While India's S&amp;P BSE Sensex, South Korea's Kospi, China&#8217;s CSI 300, and Hong Kong's Hang Seng indices advanced. European markets were higher in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45786854/magnificent-7-drive-54-of-market-cap-gains-in-sp-500-since-april-lows-the-market-cannot-survive-without-big-tech">Magnificent 7 Drive 54% Of Market Cap Gains In S&amp;P 500 Since April Lows: &#8216;The Market Cannot Survive Without Big Tech&#8217; </a></li>
</ul>



Photo courtesy: Shutterstock

CIEN

DLTR

MULN

YEXT

US Stocks Likely To Open On A Mixed Note After Dow Snaps Four-Day Run: 'Powell And The Fed Are Doing The Right Thing Holding Rates,' Says Expert

After the best May in 35 years, the US stock market has started June slowly.



Some traders are already talking about a "summer stall," while others expect the rally to continue reaching new all-time highs.



Having traded since the late 1980s, I've seen it all. But I've boiled the financial markets down to five core benchmarks that tell me everything I need to know.



There's so much financial news to keep tabs on right now – the ongoing trade war, interest rates and the tug-of-war between the Fed and Executive Branch, earnings, gold, oil, bellwether stocks like the Magnificent 7 (to say nothing of the other 8,000 optionable stocks in the market), and so much more.



But the truth is, 90% of the chatter around the financial markets is simply noise—a distraction from what's happening beneath the surface – and the best opportunities to profit.



So, the question is: How do you cut through the noise and focus ONLY on what matters?



In my more than three decades as a trader, I have boiled the financial markets down to just five core benchmarks.



These are what I call the&nbsp;Five Points of the Market&nbsp;– the five asset classes that drive the markets every single day:



<ul class="wp-block-list">
<li>Stocks</li>



<li>Bonds</li>



<li>Commodities</li>



<li>Currencies</li>



<li>Crypto</li>
</ul>



Now, this is incredibly broad. And it might sound like a lot to keep up with.



You're not wrong! In fact, these five asset classes represent the entire global economy: the $124 trillion stock market, the $140 trillion bond market, the $2.7 trillion crypto market, and so on.



You get the idea.



However, each asset class can be tracked by looking at a single benchmark and applying just a few basic trading concepts to how you interpret the data.



Today, I want to ensure that you can use this information to help you make the smartest—and most profitable—trading decisions.



<h2 class="wp-block-heading">NEW: Get Access to The Leaderboards That Reveal Tomorrow's Top Stocks</h2>



Updated daily, Benzinga's Top Stock Leaderboards highlight our best buys right now. Spot breakout opportunities before the crowd catches on—without the noise. Get access now and start using the same research trusted by hedge funds, analysts, and serious traders. Get started <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?">HERE</a>.



<h2 class="wp-block-heading">Five Benchmarks to Use to Decode the Markets Every Day</h2>



As I said, I keep tabs on the market by watching the five most powerful asset classes: Stocks, Bonds, Commodities, Currencies, and Crypto.



But those markets are vast, complex, and worth trillions. So, I use some of the biggest, most liquid instruments to track these massive markets.



<h3 class="wp-block-heading">Stocks: SPDR S&amp;P 500 ETF Trust (SPY)</h3>



The S&amp;P 500 Index is the most watched economic indicator in the world. The health of this group of stocks is seen as the benchmark for the entire universe of over 8,000 stocks.



Now, I'm not really interested in monitoring 500 stocks every day (I only really like 370 of them anyway).



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is an exchange-traded fund that tracks the performance of the S&amp;P 500 Index. It is the most liquid security in the financial market.



SPY gives me a picture of the overall stock market. In one glance, I can tell you short-, medium- and long-term trends impacting the day's trading, not to mention what to look out for in the coming days.



SPY is a great way to gauge the health of the overall stock market. Its liquidity makes it an easy way to buy or trade the market.



Analyzing SPY also reveals the market's most powerful seasonal trends. November to April is the "best six months" seasonal pattern (with April being the strongest month for stocks overall). September, meanwhile, is the weakest month. These historical seasonal trends are important to consider against current market trends and data.



<h3 class="wp-block-heading">Bonds: iShares 20+ Year Treasury Bond ETF (TLT)</h3>



iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than 20 years.



This gives us an excellent snapshot of the $140 trillion bond market.



TLT is an economic indicator that can serve as a leading indicator for the inflation outlook.



Longer-term bonds (like those with 20+ years until maturity) generate a yield curve – rates usually rise right along with the time horizon.



Long-term bond yield is reflective of future inflation, so it rises as TLT increases.



<h3 class="wp-block-heading">Commodities: SPDR Gold Shares (GLD) and the United States Oil Fund LP (USO)</h3>



Now, I don't need to monitor the thousands of commodities that make up the over $20 trillion commodities market.



That's because things like cobalt, lumber, and coffee don't really matter to the overall economic picture – and they certainly don't influence traders' decisions unless you specialize in trading obscure cobalt futures.



That's why I keep my focus on the only commodities that really drive markets: gold and oil.



For gold, I track SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), an exchange-traded fund designed to track the price of gold. Rather than using derivatives to track gold, GLD is backed by actual physical gold, including 400-ounce London good delivery bars held in the HSBC Bank vault in London.



Why is the price of gold important? Well, gold is usually inversely correlated with the value of the U.S. dollar, and it's considered a safe haven during market turbulence. Many market experts (myself included) will tell you that exposure to gold is still a great hedge for any portfolio.



If I'm seeing signs of trouble in the stock market, a rise in the price of gold, as reflected in GLD's price, may indicate that traders are loading up ahead of a pullback or a correction.



Meanwhile, to track the oil market, I use the United States Oil Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>). USO tracks the price of West Texas Intermediate (WTI) light, sweet crude oil by investing in futures contracts, and it can be a great short-term vehicle for trading oil.



Of course, rising oil prices could indicate increased demand due to economic expansion. Plummeting oil prices, meanwhile, can indicate an economic downturn.



Oil and gold both have seasonal patterns that occur throughout the year, and we pay close attention to both.



<h3 class="wp-block-heading">Currencies: Invesco DB US Dollar Index Bullish Fund (UUP)</h3>



The U.S. dollar is the world's reserve currency and the most-watched currency in the world.



A strong dollar can negatively correlate with stocks. Over the last several years, when the dollar has surged, stocks have fallen.



So, I like to monitor Invesco DB US Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) for signs of a strengthening or weakening dollar to help inform my trading.



For example, if we're in the middle of a seasonal bear pattern and the dollar is getting stronger, that could give me additional confirmation that a bearish stock or option trade is the way to go.



Likewise, if the Money Calendar predicts a bullish week and we see weakness in the dollar, it may be time to go long.



<h3 class="wp-block-heading">Crypto: Bitcoin (BTC) and Ethereum (ETH)</h3>



Bitcoin (BTC) is the world's first and largest cryptocurrency, representing nearly 60% of the $2.7 trillion crypto market.



It's the number one indicator of the health of the crypto market—when Bitcoin is going up, bullish sentiment takes hold and spreads to thousands of smaller coins. When Bitcoin consolidates sideways, the entire market follows suit. When Bitcoin crashes, the market enters what we call a "Crypto Winter."



You get the idea. If you want to successfully trade the crypto market, you've got to pay attention to Bitcoin.



From time to time, we'll also take a look at Ethereum (ETH).



Like every other asset class I track, the crypto market is subject to seasonal patterns and regular cycles, just like stocks.



Money flows first into Bitcoin, then Ethereum, and then into smaller, more speculative altcoins.



So when Ethereum is outperforming Bitcoin, we like to track it because it can help us uncover those big, fast gains in the altcoin market, the kinds of coins I trade for 1000%+ gains.



Next week, I'll break down exactly what the charts are signaling as we head into summer and discuss the top stocks currently on my radar.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

How To Know Where Stocks Are Heading Next

Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is facing a $109 million lawsuit from&nbsp;Eminem&#8216;s music publisher, Eight Mile Style, for alleged copyright infringement.



What Happened:&nbsp;Eight Mile Style, the company that manages Eminem&#8217;s early catalog, has&nbsp;filed a lawsuit against Meta&nbsp;Platforms, the parent company of Facebook, Instagram and WhatsApp,&nbsp;<a href="https://people.com/eminem-music-publisher-eight-mile-style-is-suing-meta-for-copyright-infringement-for-109-million-11747831">reported</a>&nbsp;PEOPLE. The lawsuit accuses Meta of copyright infringement and seeks damages of over $109 million.



The lawsuit, which does not name Eminem as a party, claims that Meta's platforms—such as Original Audio and Reels Remix—allow users to use music owned by Eight Mile Style without proper licensing or credit. It also alleges that the songs have appeared in millions of videos and have been streamed billions of times. The music publisher is demanding $150,000 for each of the 243 songs allegedly used on Meta&#8217;s platforms, totaling $109.35 million in damages.



A Meta spokesperson, according to the publication, said the company has been negotiating in good faith with Eight Mile Style and expressed disappointment that the publisher chose to sue rather than continue discussions.



Eight Mile Style is also alleging a &#8220;diminished&nbsp;value of the copyrights by&nbsp;Defendants' theft of them, lost&nbsp;profits, and Defendants' profits attributable&nbsp;to the infringement.&#8221;&nbsp;The company is pursuing financial compensation, including the maximum amount allowed under the law.



SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-cr" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says The Left Should Focus On Why It Lost Elon Musk Rather Than &#8216;Demonizing&#8217; Him: Credits Tesla CEO For &#8216;Enormously Positive&#8217; Impact On Humanity</a>



Why It Matters: Meta Platforms is currently facing a series of legal challenges. In April, the company was preparing to battle an antitrust lawsuit with the U.S. government&#8217;s antitrust watchdogs, a case that could <a href="https://www.benzinga.com/tech/25/04/44780047/mark-zuckerbergs-empire-in-jeopardy-as-meta-faces-antitrust-battle-in-court">potentially force</a>&nbsp;Zuckerberg to divest Instagram.



Moreover, in May, an Austrian advocacy group, NOYB, issued a &#8220;cease and desist&#8221; letter to Meta, <a href="https://www.benzinga.com/25/05/45406329/austrian-group-questions-metas-legitimate-interest-in-using-eu-data-for-ai-threatens-legal-action-over-200-billion-making-money-is-more-important-than-the-rights-of-its-users">threatening to seek</a> an injunction and&nbsp;potentially leading to billion-euro damages claims&nbsp;over the company&#8217;s plans to use Europeans&#8217; personal data for AI training. 



These legal challenges, combined with the recent copyright infringement lawsuit, add to the mounting legal pressure on Meta Platforms.



Meta holds a momentum rating of 87.91% and a growth rating of 92.78%, according to Benzinga's Proprietary <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance.



On a year-to-date basis, Meta stock surged 14.8%.



<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45785484/trump-cant-demand-lower-rates-while-creating-inflation-with-tariffs-and-money-printing-says-ross-ge" target="_blank" rel="noreferrer noopener">Trump Can&#8217;t Demand Lower Rates While &#8216;Creating Inflation&#8217; With Tariffs And Money Printing, Says Ross Gerber — Backs Fed&#8217;s Patience</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Eminem's Music Publisher Sues Meta For $109 Million Over Alleged Song Theft

President Donald Trump has suspended the entry of foreign nationals seeking to study at Harvard University for an initial six months, escalating an ongoing federal dispute with the Cambridge-based institution. 



What Happened: Trump&#8217;s proclamation cited national security concerns, stating Harvard has &#8220;demonstrated a history of concerning foreign ties and radicalism&#8221; with &#8220;extensive entanglements with foreign adversaries,&#8221; including China, Reuters reported. 



The directive targets international students who comprise roughly 25% of Harvard&#8217;s student body amid broader tensions over alleged Chinese academic ties and national security concerns.



The directive allows extensions beyond six months and instructs the State Department to consider revoking current Harvard students&#8217; academic visas.



The suspension follows Homeland Security Secretary Kristi Noem&#8216;s May 22 revocation of Harvard&#8217;s Student and Exchange Visitor Program certification. A federal judge temporarily blocked the action, prompting the administration to pursue a lengthier administrative process instead.



Harvard called the proclamation &#8220;yet another illegal retaliatory step&#8221; violating First Amendment rights. The university argues the administration is retaliating for Harvard&#8217;s refusal to accept demands for governance control, curriculum changes, and faculty ideology oversight.



See Also: <a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Joe Biden Calls Trump Probe A &#8216;Distraction&#8217; From &#8216;Disastrous&#8217; GOP Bill Aiming To Raise Costs For Americans: &#8216;All To Pay For Tax Breaks For The Ultra-Wealthy&#8217;</a>



Why It Matters: The administration has frozen billions in federal grants and proposed ending Harvard&#8217;s tax-exempt status. <a href="https://www.benzinga.com/general/education/25/05/45664141/trump-administration-to-revoke-visas-of-chinese-students-tied-to-ccp-or-critical-fields-tightens-screening">Harvard enrolled</a> nearly 6,800 international students in 2024-2025.



The administration has already revoked over 1,500 student visas across 222 schools, creating institutional uncertainty. Japan&#8217;s Education Minister Toshiko Abe announced that universities would <a href="https://www.benzinga.com/news/25/05/45663308/japans-education-minister-calls-on-universities-to-take-in-displaced-harvard-students-after-trump-ban-university-of-tokyo-leads-support-effort">welcome displaced Harvard students</a>, including 110 Japanese students currently enrolled.



Trade tensions complicate the situation, with Treasury Secretary Scott Bessent describing <a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">U.S.-China negotiations</a> as &#8220;stalled&#8221; and requiring direct involvement from Trump and President Xi Jinping to resolve. Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45786438/california-move-to-takeover-crypto-left-unclaimed-in-exchanges-spurs-debate-golden-state-robbing-citizens-or-just-following-precedents">California Move To Takeover Crypto Left Unclaimed In Exchanges Spurs Debate: Golden State Robbing Citizens Or Just Following Precedents?</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo Courtesy: f11photo on Shutterstock.com

Education

Trump Suspends Entry Of Foreign Students To Harvard For Six Months, Citing National Security —University Calls Move 'Illegal Retaliatory Step'

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index moved to the &#8220;Neutral&#8221; zone on Wednesday.



U.S. stocks settled mixed on Wednesday, with the Dow Jones index snapping a four-session winning streak.



Yext Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares jumped 32% on Wednesday after the company raised its FY26 adjusted EPS guidance above estimates. Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares dipped over 8% after the company posted first-quarter results.



On the economic data front, the ISM services PMI dipped to 49.9 in May versus 51.6 in the previous month and also missed market estimates of 52. U.S. private businesses added 37K workers to their payrolls during May, versus a revised 60K gain in the previous month.



Most sectors on the S&amp;P 500 closed on a positive note, with communication services, materials and real estate stocks recording the biggest gains on Wednesday. However, energy and utilities stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed lower by around 92 points to 42,427.74 on Wednesday. The S&amp;P 500 gained 0.01% to 5,970.81, while the Nasdaq Composite climbed 0.32% to 19,460.49 during Wednesday's session.



Investors are awaiting earnings results from Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), The Toro Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 54.3, the index moved to the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 56.1.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45767953/jim-cramer-arrowhead-pharmaceuticals-doesnt-have-the-horses">Jim Cramer: Arrowhead Pharmaceuticals Doesn&#8217;t &#8216;Have The Horses&#8217;</a> </li>
</ul>



Photo courtesy: Shutterstock

Dow Snaps 4-Session Win Amid Weak Economic Data: Investor Sentiment Declines, Fear & Greed Index Moves To 'Neutral' Zone

Leading cryptocurrencies slipped Tuesday after weak private-sector job growth dampened investor sentiment.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-0.68%</td><td>$105,032.58</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.27%</td><td>$2,610.06</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.64%</td><td>$0.1882</td></tr></tbody></table></figure>



What Happened: Bitcoin dipped to an intraday low of $104,232.70 in early trading hours and fluctuated between the low $105,000s and high $104,000s for the rest of the day.



Ethereum surged to $2,670 but failed to sustain the rally, retreating to the early-$2,600 region. Compared to Bitcoin, the second-largest cryptocurrency recorded higher trading volumes during the day.



These moves led to the liquidation of nearly $150 million worth of bullish bets, while $64 million in shorts were erased.&nbsp;



That said, about $492 million in Bitcoin shorts were at the risk of liquidation if Bitcoin reclaims $107,000.



Bitcoin's Open Interest declined by 0.47% in the last 24 hours, matching the fall in its spot price. Interestingly, the majority of the top traders on Binance with open BTC positions placed bullish bets on the apex cryptocurrency.



The "Greed" sentiment weakened from 62 to 57 in the last 24 hours, according to the Crypto Fear &amp; Greed Index. 



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>DeXe (DEXE)</td><td>+9.35%</td><td>$9.79</td></tr><tr><td>SPX6900 (SPX) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+5.14%</td><td>$1.15</td></tr><tr><td>Lido DAO (LDO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+4.84%</td><td>$0.8877 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.3 trillion, following a dip of 0.63% in the last 24 hours.&nbsp;



Stocks were a mixed bag on Wednesday. The Dow Jones Industrial Average slipped 91.90 points, or 0.22%, to end at 42,427.74. The S&amp;P 500 eked out a narrow gain of 0.01% to close at 5,970.81. The tech-focused Nasdaq Composite rose 0.32% to finish at 19,460.49.



Dow's correction comes after <a href="https://www.benzinga.com/markets/economic-data/25/06/45768817/us-private-sector-hiring-slows-the-most-in-2-years-powell-must-now-lower-the-rate-trump-says">private-sector job growth</a> plunged to a more than two-year low in May, raising investor concerns that trade headwinds are beginning to bite.



Trump, who has been critical of the Federal Reserve's policy lately, pressed Chair Jerome Powell to cut interest rates after the numbers were out.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Blockchain research firm Santiment noticed a significant spike in Bitcoin's new wallets this week, even as it consolidated around $105,000.



"Growth in a network&#8217;s on-chain activity is generally a good sign. This is something to keep an eye on as crypto markets range," Santiment added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; Bitcoin&#39;s on-chain activity has seen sharp rises this week as its price hovers just below $105K: &#x1f4c8; May 29th: 556,830 new <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> wallets created (Highest since December 2, 2023) &#x1f504; June 2nd: 241,360 coins circulated (Highest since December 8, 2024) Growth in a network&#39;s… <a href="https://t.co/2DxknVXrKT">pic.twitter.com/2DxknVXrKT</a>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1930415139846508700?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst Michaël van de Poppe projected that the market is preparing for a "massive breakout."



He said that the U.S. Dollar Index and bond yields have begun to fall, while the Chinese yuan has strengthened against the dollar—a precursor to Ethereum's rally.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The markets are preparing for a massive breakout. &#8211; CNH/USD continues to go up &#8211;&gt; <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> usually follows few days after. &#8211; DXY continues to fall. &#8211; Yields are coming down. This means that we&#39;re at the actual low of the business cycle. <a href="https://t.co/Sbzzl87mvR">pic.twitter.com/Sbzzl87mvR</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1930346540855427414?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Travis Wolfe on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45777944/jpmorgan-to-accept-crypto-linked-etfs-as-loan-collateral">JPMorgan To Accept Crypto-Linked ETFs As Loan Collateral</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Slide On Weaker-Than-Expected Job Growth: Analyst Predicts 'Massive Breakout' Incoming For Markets—Here's Why

Renowned TV host Jim Cramer is sounding the alarm about a high-stakes supply chain threat from China, which poses a critical risk to U.S. industries. 



What Happened: On Wednesday, in a post on X, Cramer joined the growing chorus of executives, economists, and policymakers, raising concerns regarding China&#8217;s tightening grip on the rare-earth supply chain.



Specifically referring to neodymium and praseodymium magnets, which are essential components in electric vehicles, consumer electronics, and data center infrastructure, Cramer said, &#8220;The Chinese could really hurt us with these magnets,&#8221; adding that &#8220;everything from autos to data centers&#8221; stands to be impacted. 



See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar">Elon Musk, Who Called Trump&#8217;s &#8216;One Big Beautiful Bill&#8217; A &#8216;Disgusting Abomination,&#8217; Responds To Coinbase CEO&#8217;s Warning That Bitcoin Could Replace Dollar If Congress Isn&#8217;t Held Accountable</a>



The host of CNBC&#8217;s Mad Money says that &#8220;this could get serious,&#8221; as experts warn that these restrictions could <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">shut down assembly lines</a> within a matter of weeks. 



With China controlling 90% of the total processing capacity of these magnets worldwide, the country imposed restrictions on their exports in April, along with other rare Earth elements, as a retaliatory measure against President Donald Trump&#8217;s &#8220;Liberation Day&#8221; tariffs.



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Chinese could really hurt us with these magnets, everything from autos to data centers. This could get serious!!&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1930421568305246257?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: That being said, some experts are optimistic about establishing a <a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges">domestic rare-earth supply chain</a>, with Ian Lange of the Colorado School of Mines noting the existence of substitutes for these rare elements and manufacturers&#8217; ability to manage without them.



Other analysts have also pointed out the ongoing talks with Ukraine and <a href="https://www.benzinga.com/markets/commodities/25/02/43788546/ukraine-officials-stall-trumps-colonial-rare-earths-bid-prefer-mutually-beneficial-deal">Trump&#8217;s demands</a> for 50% ownership of the nation&#8217;s rare minerals, in exchange for continued financial and military support.



American miners are already boosting output to help meet the supply constraints, with American Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>), a leading domestic player, having <a href="https://www.benzinga.com/news/small-cap/25/04/44901061/american-resources-doubles-rare-earth-output-bolsters-production-in-just-3-weeks">doubled the output</a> of its rare earths in recent weeks.



Price Action: Shares of American Resources were down 7.38% on Wednesday and 1.43% after hours. The stock is up 4.55% year-to-date. 



Other companies with exposure to these elements, however, spiked following Cramer&#8217;s take, with MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) and Australia&#8217;s Lynas Rare Earths Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LYSCF#OTC">LYSCF</a>) up 11.73% and 10.27% on Wednesday, respectively.



Photo courtesy: katz / Shutterstock.com



Read More:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45779375/trump-hails-best-may-in-30-years-these-3-ai-infra-stocks-delivered-their-own-maga-moment">Trump Hails &#8216;Best May In 30 Years&#8217; — These 3 AI Infra Stocks Delivered Their Own MAGA Moment</a></li>
</ul>

AREC

LYSCF

Jim Cramer Says The Chinese 'Could Really Hurt Us' As Beijing Tightens Grip On Rare Earth Magnets: Warns Of Threat To 'Everything' From Autos To Data Centers

On Wednesday, Cathie Wood&#8217;s Ark Invest made a significant move by selling a substantial number of shares in Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>). This decision comes amidst a brewing controversy surrounding the company&#8217;s alleged involvement in a surveillance program.



The Palantir Trade



Ark Invest&#8217;s flagship fund, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), offloaded 40,035 shares of the Alex Karp-led company. Based on the closing price of the day — $130.01, the value of this trade is estimated to be $5.2 million.



Palantir has recently been in the news due to allegations of its involvement in a surveillance program. The company has been accused of aiding the Trump administration in <a href="https://www.benzinga.com/markets/equities/25/06/45715850/trump-administration-silently-employs-palantir-to-gather-personal-data-of-each-american-raising-privacy-data-misuse-concerns-report">creating detailed profiles</a> of American citizens using federal data, as reported by Benzinga. Palantir has <a href="https://www.benzinga.com/markets/tech/25/06/45764231/palantir-says-it-doesnt-unlawfully-spy-on-americans-calls-report-alleging-use-by-trump-administration-for-surveillance-blatantly-untrue">denied these allegations</a>, stating that they do not &#8220;unlawfully&#8221; spy on Americans.



Notably, Palantir remains one of Ark&#8217;s top 10 holdings, making up 5.3% of the portfolio by weight. The market value of the PLTR holdings stands at $300.66 million, according to Ark data.



Other Key Trades:



<ul class="wp-block-list">
<li>Ark Invest sold 149,211 shares of Roblox Corp (RBLX) from its ARKK fund.</li>



<li>Ark Invest bought 99,637 shares of Guardant Health Inc. (GH) for its ARKK fund.</li>



<li>Ark Invest also bought 95,017 shares of Veracyte Inc. (VCYT) for its ARKK fund.</li>
</ul>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="757" height="105" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04211215/Screenshot-2025-06-05-at-10.11.58.png" alt="" class="wp-image-938982" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04211215/Screenshot-2025-06-05-at-10.11.58.png 757w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04211215/Screenshot-2025-06-05-at-10.11.58-300x42.png 300w" sizes="(max-width: 757px) 100vw, 757px" /></a></figure>



Benzinga's Edge Stock Rankings indicate Palantir has positive Short, Medium and Long Price Trends. Here is how the stock ranks on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">other important metrics</a>.



Photo Courtesy: ChrisStock82 on Shutterstock.com



Read Next: 



<ul class="wp-block-list">
<li><a href="https://benzinga.com/analyst-stock-ratings/analyst-color/25/06/45746797/is-a-bond-market-crash-coming-jamie-dimon-blackrock-ray-dalio-and-others-sound-the-alarm" target="_blank" rel="noreferrer noopener">Is A Bond-Market Crash Coming? Jamie Dimon, BlackRock, Ray Dalio And Others Sound The Alarm Debt Crisis Warning? Dimon, Dalio, BlackRock and Others Say Bond Market Risks Are Rising Fast</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ARKK

PLTR

Cathie Wood Dumps Another $5.2 Million Of Palantir Stock Amid Trump Administration-Linked Surveillance Controversy

Disruptive tech investor Cathie Wood doubled down on her bet that Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) will be a major winner in the booming artificial intelligence chip market.&nbsp;



Her firm ARK Invest has been actively buying AMD stock throughout<a href="https://www.benzinga.com/25/05/45396613/palantir-nvidia-amd-unitedhealth-tesla-why-these-5-stocks-are-on-investors-radars-today"> 2024 and 2025.&nbsp;</a>



Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says?utm_source=articleShare"> Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>



What To Know: Most recently on Tuesday, ARK Invest purchased 53,100 shares of AMD, totaling about $6.08 million. Tuesday's purchase of AMD stock followed an even larger buy of 97,068 shares on May 27, totaling over $10.7 million.&nbsp;



The move underscores Wood's bullish outlook on AMD's growth prospects within the semiconductor and AI chip sector. ARK's recent buys follow earlier purchases, including a $9.94 million buy in early 2025 and a series of accumulations through late 2024.



Wood has taken advantage of AMD's stock price pullbacks to build her position, with AMD shares down 25% over the past six months and recently hovering near $117. ARK's buys indicate Wood sees these levels as attractive entry points for long-term investment.&nbsp;



Why It Matters: Wood's approach is not limited to AMD alone; she has also<a href="https://www.benzinga.com/25/05/45635104/cathie-wood-dumps-9-9m-tesla-despite-musks-24-7-pledge-loads-up-on-nvidia-before-earnings"> been buying shares</a> of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), aiming for broad-based exposure to the AI chip market rather than betting on a single winner. 



Wood invests in "disruptive tech" and <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">has said that</a> AI will &#8220;disrupt the traditional world order&#8221; and drive hardware demand that will benefit both AMD and Nvidia as key suppliers in the sector.&nbsp;



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45727360/amazon-analyst-sees-robotics-unlocking-billions-in-savings?utm_source=articleShare">Amazon Analyst Sees Robotics Unlocking Billions In Savings</a></li>
</ul>



Photo: Shutterstock

Specialty ETFs

Cathie Wood Snaps Up More AMD Shares As ARK Invest Bets Big On Chip Stocks

ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) released its first-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/25/06/b45780278/chargepoint-reports-first-quarter-fiscal-year-2026-financial-results">details from the report. </a>



The Details: ChargePoint reported quarterly losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $97.64 million, which missed the Street estimate of $100.53 million and is a decrease from revenue of $107.04 million from the same period last year.



Networked charging systems revenue for the first quarter was $52.1 million, down 20% from $65.4 million in the prior year&#8217;s same quarter. Subscription revenue was $38 million, up 14% from $33.4 million from the same period last year.



Read Next: <a href="https://www.benzinga.com/news/space/25/06/45724938/space-stocks-weekly-countdown-rocketlab-gets-analyst-love-while-virgin-galactic-slides-into-june?utm_source=articleShare">Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>



&#8220;In Q1, ChargePoint continued to improve key metrics — including subscription margin and overall gross margin — while also announcing partnerships and products that are expected to deliver meaningful growth,&#8221; said Rick Wilmer, CEO at ChargePoint. 



Outlook:&nbsp;ChargePoint sees&nbsp;second-quarter revenue in a range of&nbsp;$90 million to $100 million, versus the $108.07 million&nbsp;analyst estimate.



CHPT Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, ChargePoint stock was down 10.12% at 79 cents in Wednesday's extended trading after climbing 13.16% in the regular session.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/social-media/25/06/45749596/the-viral-student-loan-solution-people-cant-stop-talking-about?utm_source=articleShare">The Viral Student Loan Solution People Can&#8217;t Stop Talking About</a></li>
</ul>



Photo: Shutterstock

Guidance

After-Hours Center

ChargePoint Stock Sinks After Q1 Revenues Miss, Weak Q2 Guidance: Details

The Symbol AVGR was not found. Here are some similar symbols and popular symbols to consider.

Symbol Similar to: AVGR

Top Gaining Stocks

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL