Marvell Technology $MRVL traded up 8.8% premarket after S&P Dow Jones Indices said it will enter the S&P 500 before the June 22 open. The index change adds a passive-flow catalyst to a chip stock already up 210% year to date, according to CNBC market data.
USDA confirmed a second New World screwworm detection in Zavala County, Texas, 5.6 miles from the first case. Canada responded with temporary livestock and horse import restrictions for animals tied to Texas within 21 days, adding a trade-control shock to a tight U.S. cattle market.
Lululemon $LULU traded down 8.6% after fiscal Q1 revenue rose 4% to $2.47B but FY2026 EPS guidance was cut to $10.95-$11.15. Americas comparable sales fell 5%, while gross margin compressed 410 bps to 54.2%.
KOSPI ended June 5 down 5.54% at 8,160.59, while Samsung Electronics (005930.KS) fell 6.40% and SK Hynix (000660.KS) dropped 9.92%, according to CNBC market data. The move followed a Wall Street rotation out of AI-linked semiconductor shares.
Broadcom $AVGO fell more than 12% after Q2 FY2026 revenue of $22.187B missed estimates, according to CNBC market data. The company’s SEC-filed release showed AI semiconductor revenue of $10.8B, up 143% year over year, and Q3 revenue guidance near $29.4B.
May nonfarm payrolls rose 172,000, more than double the 80,000 Dow Jones consensus, while unemployment held at 4.3%. CNBC, citing the Bureau of Labor Statistics report, said Treasury yields moved sharply higher as the labor surprise reduced near-term Fed-cut odds.
Ciena $CIEN dropped ~8.9% premarket June 4 despite beating Q2 FY2026 estimates — revenue of $1.57B (+40% YoY) and adjusted EPS of $1.64 vs. $1.46 estimate. FY2026 guidance was raised to $6.3B ±$100M (+32% YoY), but investors expected more after an AI-driven sector rally. Lumentum, Coherent, Marvell, and Corning fell in sympathy.
Bitcoin fell to $61,300 over June 3-4, triggering ~$3 billion in crypto derivatives liquidations across two sessions, with 266,158 traders forcibly liquidated in the worst 24 hours. Catalysts: spot ETF net outflows exceeding $2B over two weeks, Strategy's first BTC sale in nearly four years, and Middle East tensions. Total crypto market cap shed $190B in June.
Foreign investors sold a net KRW 6.95 trillion ($4.5B) on KOSPI June 4 — the second-largest daily foreign net sell on record — as KRW/USD breached 1,530 won for the first time since the global financial crisis. KOSPI fell 1.84% to 8,639.41; KOSDAQ rose 2.31%. Foreigners have net-sold for 19 consecutive sessions (~KRW 66T total).
SpaceX launched its roadshow June 4 for a record $75 billion IPO — the largest in history, ~2.5x Saudi Aramco's 2019 record — pricing at $135/share (ticker: SPCX, Nasdaq) for a ~$1.77T market cap. The public float is just 4.2%, insiders retain 95.8%. Trading begins June 12.
Broadcom $AVGO fell 15% on June 4 — its worst day since January 2025 — after Q3 AI chip guidance of $16B missed the $17.2B analyst estimate by $1.2B. Q2 FY2026 revenue of $22.19B and non-GAAP EPS of $2.44 both beat consensus, and full-year AI semiconductor guidance was left unchanged at 'in excess of $100B,' disappointing a market that had priced in a raise.
Ulta Beauty reported fiscal Q1 diluted EPS of $7.74, up 15.5% and above the $6.86 estimate cited by Reuters. Net sales rose 11.1% to $3.164B, and FY2026 EPS guidance increased to $28.36-$28.80.