NKE

US major indices closed mixed in a highly volatile session: the Dow rose 0.17% while the S&P fell 0.26% and the Nasdaq dropped 0.97%, with intraday ranges of over 1,000 points on the Dow and 1,279 points on the Nasdaq. Chip and AI-linked stocks led losses — dragged by Broadcom's prior forecast miss and a near-7% drop in the Philadelphia Semiconductor index — while airlines rallied 3–7% on lower oil prices tied to potential Iran-US de-escalation. A stronger-than-expected May jobs report (172K vs. consensus) revived rate-hike fears ahead of Tuesday's CPI print, pressuring high-valuation growth stocks.

A broad Americas FX/markets wrap covering June 2 session highlights: US April JOLTS job openings came in well above expectations at 7.62M (vs. 6.88M est.), reducing near-term Fed rate-cut pressure; Alphabet fell 3.86% after announcing an $80B equity raise tied to AI spending; Marvell surged ~32.5% after Nvidia CEO Jensen Huang called it a future trillion-dollar company. Other notable movers included HPE (+19.47% on earnings beat), Dell (-6.54%), Strategy/MSTR (-9.15% on Bitcoin's -6% drop), and Figma (-10.53%). Major indices closed mixed: Dow +0.45%, S&P +0.13%, Nasdaq flat.